News Headline Summary

JPY strength continues to be observed across the board, supported by risk averse flows and also squaring of long USD/JPY positions on the back of better bid USTs which have been on an upward trend throughout the session today...

Update details:

- EUR/JPY has now broken through both 50- and 100DMA levels at 130.03 and 129.90 respectively, session low seen at 129.85.
- Also, the gradual decline by USD/JPY saw the pair move below the 21DMA at 97.84, session low seen at 97.42.

Print 12:32, 27 Aug 2013 - Market Analysis - Source: RANsquawk