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Forex: AUD/USD in session lows around 1.0340

The Aussie dollar continues its correction lower on Wednesday, trading in session lows in the area around 1.0335/40
Softer-than-expected retail sales during December have collaborated with the downside, contracting 0.2% on a monthly basis vs. +0.3% forecasted.

Analyst Adrian Foster at Rabobank, commented, “These data feed directly into GDP and point to a weak contribution from consumption to the overall economy in 4Q… Tomorrow’s Jobs report is an important signpost for thinking about prospective RBA policy moves”.

As of writing, the cross is down 0.47% at 1.0341 with the next support at 1.0338 (low Nov.21).
On the flip side, a breakout of 1.0411 (daily cloud base) would expose 1.0420 (hourly high Feb.5) and then 1.0442 (MA10d).

Forex: USD/JPY at strong resistance, capped at 94.06

Asian markets reacted the most to BoJ Governor Shirakawa's early resignation from office, antecipating the official procedure in a matter of few weeks, which triggered a new Yen selloff. The USD/JPY has been under such renewed momentum since yesterday's European session, but it was during the Asian shift that the market reached the 94.00 mark, coming to as high as 94.06.
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Forex: USD/CHF rallies on Swissy plunge

The USD/CHF has just entered a rally from 0.9080 area to as high as 0.9136 through Swissy weakness rather than strength of the greenback. Market talk points to strong EUR/CHF bids as responsible for such move.
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