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January 14, 2025

AUD JPY Surges Past 97 50 Amid Bullish Market Sentiment

AUD JPY gains momentum for the second consecutive day, trading approximately at 97 60 during the European hours on Tuesday. The positive movement of the AUD JPY cross can be largely attributed to the strengthened Australian Dollar buoyed by robust commodity prices. As traders observe rising market sentiment, opportunities for further upside are becoming apparent. The ongoing bullish trend may attract even more buyers, potentially driving prices higher as investor confidence grows. Market participants should remain aware of economic developments that may influence commodity prices, as they play a crucial role in this cross’s performance. Support and resistance levels are crucial for assessing future movements, making this an exciting trading opportunity for those tracking AUD JPY behavior.

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