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JPY Crosses Weak; Nikkei Peaks Out, Oil Prices Dn

Forex News JPY crosses now off highs likely on assumption Nikkei has peaked (now up 0.4% vs 0.7% earlier in day), says trader at Tokyo bank; adds downturn in crude oil prices weighing on commodity currencies like AUD, helping underpin JPY. "Once stocks lose momentum, the crosses are likely to fall." But players may shy away from active trading later ahead of earnings release from Citi later in day, limiting further falls. AUD/JPY tipped 102.80-103.50 for now; last 103.27 on EBS.



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