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AUD/JPY trims a part of intraday gains to 94.00 neighbourhood, still up over 0.25% for the day
The AUD/JPY cross attracts some buying during the Asian session on Friday and stalls a three-day-old downtrend from the 95.80-95.85 resistance zone. Spot prices, however, retreat a few pips from the daily peak and currently trade around the 93.65 region, up less than 0.30% for the day. A generally positive tone around the US equity futures is seen undermining the safe-haven Japanese Yen (JPY) and turning out to be a key factor lending some support to the AUD/JPY cross. The risk-sensitive Australian Dollar (AUD) further draws support from the Reserve Bank of Australia’s (RBA) hawkish quarterly Monetary Policy ... (full story)