AUD/JPY Declines Despite Strong Chinese Economic Data

The AUD/JPY cross is currently drifting lower during the Asian session on Wednesday. It has shifted away from the over one-week high near the 91.40 area reached on Tuesday.

This downturn appears to be occurring in reaction to mostly positive Chinese macro data releases. Despite the upbeat economic signals, AUD/JPY continues to face a negative bias, staying below the mid-90.00 range.

Market participants should closely monitor movements in this currency pair as changes can signal larger trend shifts.