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February 3, 2025

AUD/JPY Faces Heavy Selling Near Multi-Month Low

The AUD/JPY cross has encountered considerable selling pressure at the weekโ€™s start, reaching its lowest point since September 2024 around 94.70-94.65 during the Asian session. Despite this, the pair has slightly recovered and now trades near the 95.20 area, still down 1.20% for the day. Traders are urged to watch for potential rebound opportunities in this pair amidst current market headwinds.

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