AUD/JPY lacking conviction and channel resumes

AUD/JPY has spiked up from 91.30 territory into a high of 91.63 as stops were triggered in the AUD/USD. The spike attracted supply which brings us back below the middle ground of the move, currently oscillating around 91.45 and above the pivot.
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Flash: Japanese corporate flows should remain JPY negative in March - Nomura

Nomura notes the increasing focus on the possibility of Japanese firm's repatriation as we Japanese fiscal year-end approaches.
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