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AUD/USD Eyes 1.0400 But Requires Risk to Break, Perhaps NFPs?

By , Chief Currency Strategist
01 February 2013 03:07 GMT

Watch the NFP market reaction and instant analysis as Currency Analyst Christopher Vecchio hosts the event Live in DailyFX-Plus!

Established EURUSD and USDJPY bull trends continued to squeeze out their measured by persistent gains Thursday, but the early signs of risk aversion are multiplying. Joining a pickup in volatility measures and sharp drop from the riskiest of assets, we find stimulus-bolstered S&P 500 has developed a bout of congestion. Always on the lookout for sparks, we have NFPs scheduled in the immediate future and a market that is aware the central bank has set a target on the jobless rate. In today's video, we discuss risk trends with a focus on an immediately set AUDUSD as well as a rolling strategy for USDJPY and yen crosses.

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01 February 2013 03:07 GMT