USD/JPY breaks above 102.50, paves way to 103.70 target

USD/JPY has broken above the stiff 102.25/35 resistance, causing a spike in prices towards 102.55/60 as the Japanese Nikkei 225 index erases early losses and jumps into marginal positive territory at present.
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Flash: RBA preview: comfortably neutral - Nomura

The Reserve Bank of Australia (RBA) will hold its next monetary policy meeting on 3 December, and according to Nomura, the Central Bank will continue to hold rates.
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