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Emerging Market Turmoil Extends to AUD/USD, USD/JPY

By , Currency Strategist
27 January 2014 13:00 GMT

Talking Points:

- US Dollar, USDOLLAR components face critical few days.

- FOMC meeting on Wednesday.

- AUDUSD remains bearish, but watching potential reversal develop.

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The USDOLLAR is heading back towards a pivotal level that helped define our bullish or bearish bias towards the measured currencies at the end of 2013. Notably, the AUDUSD and USDJPY components have been quite active on Monday, taking the spotlight ahead of the FOMC meeting on Wednesday.

Read more: EUR/USD and USD/JPY Primed for Big Moves During FOMC Week

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

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27 January 2014 13:00 GMT