Expect the unwinding of carry trade to continue. Both the AUD and NZD likely to dip further. However if we have stronger AUD June Retail Sales data this morning, AUD should be more supported than NZD. AUDNZD will remain firm.
Buy EUR/JPY at 161.50 for target 164.00. Stops at 159.60
DOMAINS YAHOO FOR CONFERENCE CALL SERVICE
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