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Forex Flash: Japanese investors less exposed to Yen consolidation - Societe Generale

FXstreet.com (Barcelona) - As Sebastien Galy,Forex strategist at Societe Generale, notes, the fall in the Yen has been produced without much, if any, investment flows out of Japan.

According to Mr. Galy: "This leaves Japanese investors less exposed to a consolidation of the yen, while foreign investors are short JPY but not excessively so. The same holds true for hedge funds. The exposure is indirect as both Japanese and foreign investors are significantly exposed to the Nikkei, and a correction in the Nikkei would lead the JPY higher."

AUD/USD trades in narrow range as consolidation continues

The AUD/USD finished the Friday session down 16 pips at 1.0277. Price action remained volatile throughout the day, with the pair trading as high as 1.0336 and as low as 1.0261. The pair is currently trading up 7 pips at 1.0285, with the majority of markets remaining fairly quiet with both China and Japan closed.
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GPB/USD adds to gains during Asia session

The GBP/USD is edging higher during the Asia session, up another 13 pips from the Friday close at 1.5486 last. The pair has maintained a firm bid in recent sessions, mostly boosted by the recent UK economic data, and finished the past week up 1.41%.
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