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Forex: AUD/USD higher on weaker USD and stronger commodities

FXstreet.com (Barcelona) - AUD/USD has recently printed fresh session highs at 1.0333, last at 1.0325, helped on broad USD selling and commodities higher, specially Gold, that climbs above the $1480 mark in the spot market, adding a +0.95% gain since closed in NY. The Aussie bounces from session lows at 1.0286, after retracing from yesterday's fresh weekly highs at 1.0340.

“ADM have made a better bid for Graincorp this morning, which has please the AUD market (in addition to the CNY strength),” reports ForexLive editor Eamonn Sheridan, adding: “Archer Daniels Midland (ADM) is a US grains company. Bid is worth around $3.4bn, and was improved this morning, seen as more likely to proceed,” Eamonn said. The move comes ahead of awaited 2nd BoJ meeting in April with new Gov Kuroda as chairman.

Immediate resistance to the upside for AUD/USD shows at recent session/NY highs 1.0333/40, followed by April 19 highs at 1.0356, and April 16 highs at 1.0400. To the downside, closest support lies at April 22 highs 1.0309, followed by April 16/session lows at 1.0289/6, and April 18 lows at 1.0269.

Forex: US Dollar slightly lower in Asia trade

The US Dollar is edging slightly lower against the majority of pairs during the Asia session, Commodity currencies are the main winners during Asia trade, with the Aussie up 37 pips at 1.0321 and the Kiwi up 31 pips at 0.8532. The sterling is also adding to gains from the previous session, up another 20 pips at 1.5453. On a final note, the USD/JPY continues to leak lower after the CPI release earlier in the session, now down 20 pips at 99.07
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Forex: USD/JPY selling off ahead of BoJ

USD/JPY is currently selling of at fresh session lows 98.61 ahead of second BoJ meeting for the month and with Kuroda as new governor. Nikkei index has also been sold to fresh session lows, sitting at 13870 at the lunch break, down -0.43% for the day, following fresh almost 5-year highs shy of the 14k mark.
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