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Back Fundamental analysis
Concerns about currency intervention support yen and weigh on AUD/JPY
AUD/JPY has drawn sellers' interest after
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AUD/JPY has drawn sellers' interest after fresh Australian labor market data and is sliding toward the late-April low. Spot quotes are just below 111.69, down about 0.20% on the day; the pair looks vulnerable to a further pullback from the psychological 115.00 peak reached in 2007 and reaffirmed earlier this month. The Australian Bureau of Statistics reported that the unemployment rate fell to 4.4% in May, in line with expectations, from 4.5% a month earlier. Additional data showed employment increased by
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