AUDJPY Dips to 92.50 After Tokyo Inflation Report and Aussie Retail Sales Data
The AUD/JPY currency pair extends its decline for a second consecutive day, now trading around 92.50 during the Asian trading session on Friday. This drop comes as the Japanese Yen (JPY) gains traction against its rivals following stronger than expected core inflation data from Tokyo. The pair’s value has depreciated by nearly 0.50%, indicating a shift in investor sentiment. Analysts suggest that the market will continue to respond to economic data, specifically retail sales performance in Australia, which may further influence the AUD’s proximity to the JPY. Stay tuned for updates as this situation develops, providing potential trading opportunities for forex market participants.