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AUD/JPY PRICE ANALYSIS: SHRUGS OFF SOUR SENTIMENT AND CLIMBS, TARGETING 99.00

hagijeee
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  • AUD/JPY advances, navigating through mixed market signals and intervention concerns, marking a 0.38% increase.
  • Technical indicators point to the first significant resistance at the Tenkan-Sen, with potential to test year-to-date highs.
  • Downside risks remain, with support levels identified at the Kijun-Sen and the 50-day moving average.

The AUD/JPY registered gains of 0.38% on Tuesday, amid a risk-off impulse as depicted by Wall Street. US equities posted mild losses, though it was ignored by risk-perceived currencies in the FX markets, like the Australian Dollar.


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