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USD volatility up at the Tokyo open

FXstreet.com (Barcelona) - The USD has seen some volatility picking up in early Tokyo trade following Tertiary Industry Index (MoM) in Japan stable at 0.0% from previous -1.3%, although below expectations of +0.02%.

Some stops in EUR/USD were taken out to recent session highs at 1.3358 for now trading at session lows 1.3344, while AUD/USD spiked to session highs at 0.9597 from initial price at 0.9570, and USD/JPY also took some stops out above the 94.50 mark, thus USD index spot (DXY) ranging first to lows at 82.58 to last session highs at 82.66.

Nikkei index opens lower around the 12580 points down -0.72%, while US equity futures jump to session highs near SP500 at 1630. Gold and Oil move both lower to session lows.

Flash: Keep favouring AUD/NZD lower despite RBNZ on hold - UBS

Despite the AUD/USD recovered lost ground last week, as did the NZD/USD, for this week of trading, Mansoor Mohi-uddin, Head of FX Strategy at UBS Macro Research, still recommends keeping a cautious stance on the AUD and continue to prefer the NZD.
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Aussie pops above 0.96 USD

The Aussie has broken above the 0.96 USD handle to trade last at 0.9607 off recent session highs at 0.9612, less than 1 hour away from key risk event for the Asia-Pacific today in the form of New Motor Vehicle Sales (YoY) in Australia at 01:30 GMT.
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