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AUD/JPY holds below 95.30


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FXStreet (Córdoba) – AUD/JPY recovered ground on Monday during the European session but lost momentum and it was moving toward 95.00.

AUD/JPY recovers from 13-day low


The aussie reached at the beginning of the week at 94.91, the lower level since May 12 and then bounced to the upside. Price peaked at 95.28 and currently is trading at 95.10, around the same level it closed on friday.


The short term technical outlook still looks bearish but so far, AUD/JPY was able to hold around 95.00. A break significantly lower could open the doors for further declines. The pair has been falling constantly since May 14 when it reached momentarily levels on top of 97.00.