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3 Dec 2014
AUD/JPY dumps on Australia's GDP big miss
FXStreet (Guatemala) - AUD/JPY is trading at 100.23, down -0.48% on the day, having posted a daily high at 100.92 and low at 100.13.
AUD/JPY has struggled at 100.80 into Tokyo but with the terrible GDP figures released from Australia the Aussie is in its knees and the cross is offered down to test this weeks lows, so far held up at 100.20. The move in the Aussie brings the 0.83 into the picture and makes fresh four-year lows.
This result, coupled with the poor performances in global commodities, pressures from the RBA officials jawboning the currency continuously and ramping up the verbiage and a continuation of divergences between global Central Banks, the Aussie has become highly unfavourable as we draw closer to the close of 2014.
AUD/JPY has struggled at 100.80 into Tokyo but with the terrible GDP figures released from Australia the Aussie is in its knees and the cross is offered down to test this weeks lows, so far held up at 100.20. The move in the Aussie brings the 0.83 into the picture and makes fresh four-year lows.
This result, coupled with the poor performances in global commodities, pressures from the RBA officials jawboning the currency continuously and ramping up the verbiage and a continuation of divergences between global Central Banks, the Aussie has become highly unfavourable as we draw closer to the close of 2014.