FX week starting as it left off — watch 107 in USD/JPY

107 and thereabouts was resistance in USD/JPY on Friday (US time), and through to 107.15-off there should be some work to do Meanwhile AUD/USD is cracking to a new high (compared with Friday), liking the new ‘risk’ tone. Its sort of a half a holiday in Australia today (Melbourne is out, Sydney is in) so liquidity in the Oz is just slightly down on normal. Resistance initially around where are now, then through to 0.7880/85
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