Flash: USD under cyclical moves, stick to short term trades - JPMorgan

JP Morgan FX Strategists John Normand and Meera Chandan show a high degree of conviction in perceiving this years' US Dollar's moves as almost all cyclical and barely structural.
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AUD/JPY consolidating gains of last two sessions. What’s next?

The AUD/JPY cross is moving sideways early Wednesday after running from 90.73 to 92.39.
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