FX:AUDJPY   Australian Dollar / Japanese Yen
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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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CLosed SMall Loss AUD/USD has broken Higher and Cyprus issue is so far not causing the trouble we though it might earlier in the Week
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