AUD/JPY Slips Below 96.50 Amid Market Caution and Strong PPI from Japan
The AUD/JPY currency pair continues its downward trend, trading around 96.30 in early European trading on Wednesday. The Australian Dollar faces pressure from market caution leading up to the highly anticipated U.S. Consumer Price Index (CPI) data. The robust Producer Price Index (PPI) from Japan adds further complexity to the market atmosphere. Traders should remain vigilant as fluctuations in these economic indicators could influence the AUD/JPY movements significantly in the short term.
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