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Forex Flash: AUD/USD upside bias remains above 1.0450 – Commerzbank

FXstreet.com (Barcelona) - Increasing capital flows seeking higher returns have been boosting the demand for the Aussie dollar since the BoJ announced its new QQE programme last Thursday, pushing the AUD/USD to fresh weekly highs just below 1.0560.

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, “There is no escaping the fact that while above the 1.0450 intraday support that the market remains immediately bid – a break below here is needed to alleviate immediate upside pressure.”

The expert also added that while above here the next targets could be 1.0598 and even 1.0624.

Forex Flash: Tracking potential investment destinations of JCB-rich asset managers – UBS

“Ever since the BoJ delivered their statement of intent last week, investors globally have been looking into potential investment destinations of cash/JGB-rich Japanese asset managers. After all, one of the stated intentions of the BoJ's 'intervention' is to encourage Japanese investors to head overseas, bringing down the yen in the process.” suggests Gareth Berry, a Research Analyst at UBS.
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Forex: EUR/USD dips to lows around 1.3050/55

The shared currency dropped to the boundaries of 1.3050 on Wednesday, as the momentum surrounding the euro continues to shrink...
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