Yen higher across the board

FXstreet.com (Barcelona) - With Nikkei index opening below the key 14k points mark, and latest Japan foreing bond investment data already released, Yen has been broadly bought in early Asian session.

Last at 99.82, USD/JPY is slightly above recent session lows at 99.68, off session highs at 100.10, while EUR/JPY is last at 129.92, off recent session lows at 129.74.

AUD/JPY is more stable around the initial session price at 90.94 given current Aussie strength. GBP/JPY is last trading at 152.60, off session lows at 152.30. According to FX Charts analyst Jim Langlands, “The Yen came back into favour today as investors sought a safe haven once the concerns over Portugal’s ability to keep to its bailout commitments started to spread.”

Flash: ECB to set stage for a lower EUR/USD - BNZ

Bank of New Zealand Economists are expecting a prompt positive response to the impasse with the Troika over Greece’s €8.1bn bail-out tranche, according to Mike Jones, who holds the position of Currency Strategist at the Bank.
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Flash: AUD/USD well below its MA – Westpac

According to Sean Callow, a Global FX Strategist at Westpac, “The AUD/USD is of course well below its major moving averages – short-term support should lie around the recent 0.9110 low while resistance bands loom in the mid-0.93s, then 0.9400.”
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