JPY Trading Outlook (30-04-2013)

CROSSES: AUD/JPY is in sideways mode, just like the rest of the market, and the parameters to watch there are broadly between 100.50/102.50 in the short term (see chart).

EUR/AUD is still broadly bullish but may be in for a shake-out depending on what happens at the ECB meeting.

AUD/NZD has been very bearish in recent weeks but seems to be running out of momentum and is trying to form a base above 1.2050.

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