JPY Trading Outlook (06-06-2013)

CROSSES: The AUD made some big losses on the crosses, particularly against the JPY and the GBP. AUD/JPY stalled briefly near a 38.2% retracement level at 95.50 (see chart) but has closed well below there and is now targeting chart support and the 50% Fibo below 93.00.

GBP/AUD was another big mover moving back to test important weekly resistance levels near 1.6180 (see chart).

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