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AUD/JPY continues push upwards ahead of Tokyo, tests 85.50
AUD/JPY is pushing higher during the overnight session, testing into 85.50 ahead of the Tokyo market open. The Aussie has managed to halt the slide yesterday, trading up steadily through Monday's markets. Risk aversion coupled with a dovish stance on rates by the Reserve Bank of Australia (RBA) has seen AUD/USD decline at an accelerating pace for three straight weeks, as the Aussie softens on continued sluggish economic growth for the island continent, and the Yen continues to gain as the market's safe haven of choice, despite continued rhetoric from the Bank of Japan (BoJ) desperately trying totalk down the Japanese ... (full story)