JPY crosses drifting lower in early Tokyo despite positive risk sentiment

22/05/2014 | 00:43 GMT

AUD/JPY is nearly 30 pips lower this morning despite the generally improved risk sentiment. It stalled at 93.85, which is the 38.2% retracement of the fall from 95.20 to 93.00, and that is perhaps what has encouraged the selling?

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