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Forex Flash: If BoJ disappoints, AUD/JPY lower, AUD/USD 1.05 in danger - NAB

January 21, 2013 | Filed Under »
Forex pairs in this Article » AUD/JPY, AUD/USD
FXstreet.com (Barcelona) - Today's AUDUSD trading has been relegated to a secondary focus, with the spot rate expected to be driven by AUDJPY once the BoJ decision is out. As such, according to NAB, "if there is a 'buy (the yen) reaction to as-expected BoJ news and which pulls AUDJPY lower, the 1.05 level is again likely to be pressured during the Australian afternoon."
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