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Forex Flash: Technically, look for long AUD, NZD & short JPY - Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale has taken a look at signals given by the momentum and IRFX strategies and notes that they have gone out of sync, though the position sizes are relatively small at the moment.

He writes, “ In the momentum strategy we still keep the long AUD and NZD, short JPY positions, and there are also very faint signals for longs in EUR, GBP and NOK. The more rapid IRFX system is short EUR, NOK and SEK and long CHF.”

Forex Flash: ECB Balance sheet is shrinking - BTMU

Bank of Tokyo Mitsubishi UFJ analysts note that the ECB balance sheet is continuing to shrink.
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CORRECTION: Forex: USD/JPY surges ahead to 99.23/24

The USD/JPY has risen again sharply Friday, as the G20 meeting goes on today. With the JPY in full retreat across the board, the cross has settled at 99.12/18, slightly off its session highs of 99.36 in recent minutes. At this juncture the pair is operating at +1.03% above its opening.
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