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Forex - USD/JPY, EUR/JPY Flows: USD/JPY edging lower, stops below 102, Nikkei off 5-yr highs

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Published at 04:28 (GMT) 21 May

  

USD/JPY, EUR/JPY Flows: USD/JPY edging lower, stops below 102, Nikkei off 5-yr highs (VAAC5901)

USD/JPY edging back below the earlier "buying" level of 102.45-47, down from 102.65-70. Offers 102.60-80, ahead of 103.00 - with 103 seen as top for now, after USD/JPY spiked to 4-year 7-month highs of 103.32 on Friday.

Some stops below 102.40 level, after earlier strong buying by US funds, investment houses, real money. More bids at 102.00-10, but stops below 102.00. More bids 101.50-60. EUR/JPY at 132.05-10, offers 132.40-50, bids at 131.50-60 for now. EUR/USD still looking firm at 1.2889-90, on broadly weaker USD today. Nikkei now -0.04%, off the 5-year 5-month highs of 15,388.37. WL

Forex - China Flows: USD/CNH spot fixing at 6.1285 vs 6.1411 previously

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Published at 03:54 (GMT) 21 May

  

China Flows: USD/CNH spot fixing at 6.1285 vs 6.1411 previously (UBUC5901)

Forex - GBP/USD, EUR/USD Flows: USD broadly firmer on real money, US funds; USD/JPY up

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Published at 01:50 (GMT) 21 May

  

GBP/USD, EUR/USD Flows: USD broadly firmer on real money, US funds; USD/JPY up (VAHC5901)

Greenback broadly firmer on back of US investment houses, funds and talks of real money accounts demand. USD up, led by USD/JPY buying from 102.40-45 to current 102.75-76 - with focus on Econs Akira Amari comments earlier. That he is not sure if correction of JPY strength is over.

EUR/USD lower at 1.2875-80, down from 1.2900 handle again. Bids at 1.2850-60, weak stops below 1.2840. GBP/USD hit lows of 1.5221 from 1.5255-60. AUD/USD hit lows 0.9762 as stoploss hit below 0.9770. Focus on RBA minutes now at 0130GMT. Kiwi hit lows of 0.8140 from 0.8180-85. Stops below 0.8100 handle again. WL

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