AUD/JPY continues to downtrend in the Asia-Pacific

After losing ground for a fourth consecutive day on Monday, AUD/JPY continues to downtrend in the Asia-Pacific, having reached as low as 81.22, a price not seen since July 26. Broad JPY strength is behind the move lower after Japanese exporter sales at the Tokyo fix.

Technically speaking, AUD/JPY has extended below the 200-day EMA (valued at 81.64 today) and below the 81.50 Fibonacci retracement zone of the decline from 88.64 to 74.48. At the time of writing, the cross is quoted at 81.35, recording a 0.3% loss so far this Tuesday... LINK TO FULL ARTICLE



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