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Key events for the week ahead - Westpac

FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, reminds us of the key releases for this holiday-shortened week.

Key Quotes

"There are several important releases even in this holiday-shortened week (Australian CPI, ‘flash’ April PMIs in China and Europe, RBNZ decision) but not so much today."

"Indeed the calendar today offers no more than minor Japanese data ahead of the second-tier US data."

"The Richmond Fed manufacturing index remained very weak in March, at -7, a low since July 2013, so a rebound to +2 is expected. March existing home sales are seen ticking down -0.9% to 4.56mn annualized, which would be a low since June 2012."

USD/JPY finds support at 102.50, key fib eyed

USD/JPY has been trading on a mild bullish tone so far this week, currently at 102.64, recording its 7th consecutive day of higher highs amid low volume since last Thursday.
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GBP/JPY riding sterling’s waves

Currently, GBP/JPY is trading at 172.37, up 0.06% on the day, having posted a daily high at 172.58 and low at 172.21.
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