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Forex Flash: AUD: Fresh high watch update - Nomura

FXstreet.com (Barcelona) - Nomura Strategist Geoffrey Kendrick has continued to look for fresh highs in AUD/USD in the second half of 2013, with forecasts of 1.10 for end Q2 and 1.12 for Q3.

He writes, “The now reported (data was released Monday) AUD18bn of selling of AUD assets by Japanese investors between November and February suggests to us that Japanese investors went into the “new BoJ” flow story structurally underweight AUD assets. We expect this to reverse, assisted by yesterday’s strong Chinese iron ore import data for March.”

Forex Flash: USD/JPY looks bullish ahead - BTMU

Bank of Tokyo Mitsubishi UFJ analysts believe that USD/JPY looks bullish ahead and will move within a range between 98.50 and 102.00 during the week ahead.
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Forex Flash: Majors remain technically bullish - Scotiabank

Scotiabank analysts have taken a look at today´s majors and offered their outlook from a purely technical perspective.
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