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Forex Flash: Rebounding Yen crosses send USD/JPY higher - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that rebounding JPY crosses helped send USD/JPY higher again on tuesday, although he remains somewhat neutral on the pair pending further developments on the risk appetite front.

He writes, “Note that a further improvement in global risk appetite levels may see investors reinitiating further JPY-cross buying and especially if G20 rhetoric is not unduly critical towards Japan as we expect. In the interim, any further consolidation south may be stonewalled by the 55-day MA (94.70) although 100.00 up top remains a solid resistance for now. Looking to AUD/USD he notes that the latest RBA meeting minutes yielded little new colour for AUD on Tuesday and going ahead, the pair would have to clear the 200D MA at 1.0398 to nullify its heaviness. Any failure on this front may risk another relapse back to the 55D MA.

Fundamental Morning Wrap: Korea and Gold in focus

This mornings institutional research has a distinctly alternative feel today, with the majority of focus edging away from the traditional majors and concentrating on Gold and event on the Korean Peninsula. Otherwise, EUR and GBP return to the fore with IMF forecasts casting a shadow on developments ahead.
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Forex Flash: Despite Gold rush, broader FX markets stabilized and recovered - DBS Group

Despite the collapse in gold prices last Friday and Monday, DBS Group analysts note that the broader market stabilized and recovered yesterday.
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