JPY Trading Outlook (21-10-2013)

AUD/JPY has broken marginally above previous trend highs at 94.45 but is stalling ahead of its 200-dma which comes in near 94.70. Further gains are looking likely but buy dips not breaks. AUD/NZD looks to have confirmed a short-term foothold 1.1280/00 and is trying to move higher again. EUR/AUD is sitting right on short-term support levels at 1.4130 (see chart).

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