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AUD/JPY: Dip on Tokyo open caused by retail-market margin calls

AUD/JPY: Dip on Tokyo open caused by retail-market margin calls

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Sean Lee
31/05/2012 | 02:07 GMT

The sharp dip on the Tokyo open, when AUD/JPY dipped from 76.70 to 76.30, was primarily caused by margin calls amongst some Japanese retail brokers. The pair has traded a 35 pip range, 76.20/55, since then.

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