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Forex Flash: Levels 100.00+ in USD/JPY only a short matter of time - NAB

FXstreet.com (Barcelona) - The yen selling mania continues to show little sign of receding, and after some retracement in Europe, the USD/JPY is again back above the 99.00 handle.

According to NAB: "Though it is notable that the dip back below ¥99 in late Sydney trade yesterday, on a combination of profit taking and perhaps too some ‘safe haven’ support on reports North Korea was readying to fire another missile, has not received any follow-through. Levels above ¥100 continue to look like only a (short) matter of time away."

Forex: AUD/USD capped below 1.05, again

For third time since late March, AUD/USD is last at 1.0492, off recent late NY session highs at 1.0509, highest since late January. The pair managed to reverse a weak start of the week in Asia-Pacific past Monday printing weekly lows at 1.0347 triggering few stops below key Fibo support area at 1.0350, to add by now +1.05% gains for the week so far.
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