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FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

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USD/JPY heavy short-term

Thursday, March 12, 2015 8:57 AM UTC

USD/JPY technical outlook stays bullish
Stops clustered above the 122.04 area
Weighed by latest dip below 121.31 pivot point in the short-term
5/10 year UST/JGB yield spreads correlation with spot +0.72/+0.65
5/10 year UST/JGB yield spreads have both widened

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USD/JPY heavy short-term

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