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Cross JPY selling not abating much

Thu, Nov 5 2009, 04:26 GMT
http://www.forexlive.com

EUR/JPY and AUD/JPY have led the way lower today and many dealers had anticipated some sort of a bounce especially towards the European open but the selling has been quite consistent. Nevertheless I would not read too much into today's goings on as they have been in fairly thin and uninterested markets- it would not take much of a push from European traders to get all pairs back to their NY closing levels.

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