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28 Jan 2015
AUD/JPY retreats below 94.00
FXStreet (Córdoba) - AUD/JPY erased gains and approached daily lows after falling a hundred pips during the European session.
Earlier the pair peaked at 94.60 reaching the highest price since last Friday boosted by a higher than expected core inflation during the fourth quarter in Australia. After being unable to confirm above 94.50 the AUD/JPY pair lost momentum and started to pullback.
The retreated from the highs found support at 94.50. Currently it trades at 94.65, 20 pips above the level it had at the beginning of the day and far from the lows. Before the inflation report it was trading at 93.30.
The recent decline was triggered by a pullback of the aussie across the board and also by a stronger yen; USD/JPY reached a fresh daily low while AUD/USD dropped from 0.8010 to 0.7940.
Earlier the pair peaked at 94.60 reaching the highest price since last Friday boosted by a higher than expected core inflation during the fourth quarter in Australia. After being unable to confirm above 94.50 the AUD/JPY pair lost momentum and started to pullback.
The retreated from the highs found support at 94.50. Currently it trades at 94.65, 20 pips above the level it had at the beginning of the day and far from the lows. Before the inflation report it was trading at 93.30.
The recent decline was triggered by a pullback of the aussie across the board and also by a stronger yen; USD/JPY reached a fresh daily low while AUD/USD dropped from 0.8010 to 0.7940.