Australian Dollar reaches a four-year high versus Yen

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Source: Bloomberg
The Australian Dollar, also known as the Aussie, was 0.2% higher to 99.14 per the U.S. Dollar in the end of Sydney trading session on Tuesday. The Japanese Yen depreciated against the Aussie and the New Zealand Dollar, as the Bank of Japan said that more decisive monetary policy is needed to sustain a domestic economic growth.
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Tue, 12 Mar 2013 13:55:03 GMT

Japanese shares retreat as market overheated

Japanese stocks declined on Tuesday, tumbling down from its 19-month high after a technical indicator showed the market is too overheated. Nikkei 225 lost 0.3% today to close at 12,314.81 points. Technology and telecommunications shares rose the most by 1.2% and 0.7%, respectively. TDK Corp surged 5.4% to 3,415 yen and posted the biggest surge among all blue chip companies.

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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