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December 12, 2024

AUD JPY Rallies Toward 97 50 Amid Australia’s Nov Unemployment Rate Decline

The AUD JPY currency pair is demonstrating strength as it approaches 97.50. This movement is influenced by Australia’s declining unemployment rate in November. The latest numbers show positive labor market developments, prompting traders to act on this trend. The improved employment scenario strengthens the Australian dollar, encouraging further upward momentum against the Japanese yen. Investors should take note of this shift, which highlights the importance of economic indicators in shaping currency exchange trends and market sentiment.

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