FX:AUDJPY   Australian Dollar / Japanese Yen
We entering a Short AUD/JPY in anticpation of fresh risk aversion from the Eurozone from both Cyprus and Italian Political issues. The AUD/JPY and AUD/USD run up has been steady and backed up by strong fundamental data both locally and in China.

BOJ could create some USD/JPY buying surprises but these are priced in at the moment and EUR/JPY should overwhelm.


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