JPY Trading Outlook (23-10-2013)

AUD/JPY has broken and closed above its 200-dma which comes in near 94.70 and is starting to look very bullish indeed. EUR/AUD (see chart) has bounced off strong short-term support near 1.4125 and the strength of the flows in this cross really need to be respected. AUD/NZD has again pulled back off highs near 1.1450 and range trading seems like the most obvious outcome there.

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