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Foreex Flahs: BTMU expects USD/JPY to move close to the 110.00 in the Q4

FXstreet.com (San Francisco) - Now that the USD/JPY is kissing the so-called 100.00 level after advancing 725 pips since April 4th low at 92.70, market is asking what will happen with the pair above the 100.00 level. The most important resistance levels above here is the Novemeber 2008 high at 100.55 and the April 2009 high at 101.43.

But the BTMU analysts believe that the USD/JPY has more space to gain in the incomming months. BTMU expects "the core range of the USD/JPY to move close to the JPY110 level, in Q4 2013 and Q1 2014 due to Governor Kuroda’s QQE measures," the bank states.

More accurate, the Bank expectations are as follow: 1-month up to 102.00; 3-month down to 100.00; 6-month advance again to 104.00 and the 1-year forecast at the 109.00 level.

Forex: EUR/JPY rises above 131.00

The shared currency advanced even further against the yen and reached a fresh 3-year high above 131.00 during the New York session, as the Japanese currency remains under pressure in the light of latest BoJ moves.
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Forex Flash: Rising jobless rate to reinforce RBA's easing bias - UBS

The AUD initially fell after Australia's labor data showed a loss of 36,100 jobs in March, says the UBS analyst team. "But considering the 74,000 jobs added in February, the economy still added around 38,000 jobs in the last 2 months".
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