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The wild ride continues for the AUD to YEN pairing.

Written by Sam Coxhead on April 5th, 2012.      0 comments

4:07 PM (NZT) The YEN has put further pressure on the AUD because of the joint factors of the prospect of a lower Australian cash rate, and lower global equity markets. The move is starting to lose some of its momentum and further ground will be harder fought for the YEN from current levels. Expect the wider market appetite for risk to provide the primary lead next week, ahead of the Australian employment numbers on Thursday. There is good support just under the 84.00 level, and this will certainly provide a stern initial test if the YEN wants to strengthen further.
 
The current interbank midrate is:                                                            AUDYEN 84.60                              
                                                               
The interbank range so far this week to date has been:                 AUDYEN 84.14 – 86.81             
 

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