Forex Flash: AUD/JPY seen at 84.00 by year end; Japan's Abe disappointment, RBA cut - Westpac

November 27, 2012 | Filed Under »
Forex pairs in this Article » AUD/JPY
FXstreet.com (Barcelona) - Westpac FX strategist Sean Callow see signs of fatigue in the AUDJPY rally after the subliminal 82.022-86.50 rally from the past 2 weeks; "Our base case is for a pullback near term to 84 by year end" Sean said. Factors to weigh on the pair, according to Mr. Callow, include "a likely RBA rate cut next week and eventual disappointment over what Japan LDP leader Abe can actually deliver in terms of JPY weakness."
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