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Flash: USD/JPY may be bottled between 103.10 and 102.27 - OCBC

FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, "USD/JPY may increasingly be bottled in by the 55-day MA (103.11) and the 100-day MA (102.27) inthe coming sessions although if risk aversion remains contained, we would prefer to buy into dips. Needless to say, any further deterioration in global investor sentiment would negate this view."

EUR/USD woke up and broke to new multi-year highs at 1.3944

EUR/USD spent most of Asian session in a depressingly narrow range, but the speculative demand on single currency helped to push it above the area of strong offers at 1.3905/10.
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