JPY Trading Outlook (15-05-2013)

CROSSES: The AUD has traded pretty much in a sideways direction against most of the other majors (ex-USD) with the exception of the CHF where it managed to make some gains. EUR/AUD made new swing highs above 1.3100, AUD/NZD is still consolidating in its well-trodden 1.2000/1.2150 range, and AUD/JPY is similarly range-bound between 100.50 and 102.00.

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