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November 26, 2024

AUD/JPY Response Expected Following Trump Administration Tariffs

The AUD/JPY pair remains under scrutiny as markets react to the recent nomination of Scott Bessent as U.S. Treasury Secretary. This appointment brought a sense of relief to financial markets as tariff concerns shifted. However, volatility persists. Traders should remain alert for potential sell-offs in yen cross pairs spurred by policy decisions stemming from the new administration. The current environment calls for strategic positioning in the currency market.

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