DJ MARKET TALK: EUR,GBP Down Vs JPY;Non-Japan Bank Selling


0156 GMT [Dow Jones] EUR, GBP down vs JPY on selling by non-Japan banks, due perhaps to grim outlook on eurozone economy, says dealer at major Tokyo banks; but "overall, trade remains thin since this morning as many players stay on the sidelines" before closely-watched decision from RBA's rate-setting meeting. Says an RBA rate hike could buoy risk-sensitive units including AUD, EUR, GBP vs JPY; "the focus is on what RBA officials will have to say about its economic outlook." Says if RBA's stance hawkish with suggestion pace of its rate hikes will be quicker, AUD/JPY may break ceiling of around 80.50, possibly testing 81.00. AUD/JPY last at 80.27; support 79.50. EUR/JPY support at 120.00 vs last 120.81; GBP/JPY's floor at 132.50.

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