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Citi trade of the week: Sell AUD/JPY targeting 84.10

Discussion in 'Market News' started by ForexLive, Dec 14, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Weekly pick from CitiFX "Although there were a few weak points, the result of the December Tankan showed no significant drop off. The DI of the large manufacturing enterprises stayed at the same level with the last survey in September. This means that there appears to be no major catalyst for Governor Kuroda to signal additional easing at the BoJ policy meeting later this week. Indeed, he may even stress steadiness in the corporate sector and such hawkishness could be taken as JPY positive.

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