JPY Trading Outlook (12-07-2013)

CROSSES: AUD/JPY has lost more ground overnight and this pair could be in for a very big fall if support levels at 89.25/50 break. Risk sentiment is uncertain and this is what might be weighing on the Aussie overall. EUR/AUD is again nearing important resistance at 1.4400 and the AUD/NZD is trading sideways around 1.1700.

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