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AUD/JPY consolidates below 96.00

FXStreet (Córdoba) - The aussie fell sharply across the board during the last few days and against the yen lost an important technical level. AUD/JPY fell yesterday below 96.00 and on Friday bottomed at 95.34, reaching the lowest price in a month.

Despite a rising USD/JPY to fresh highs, AUD/JPY reversed and moved to the downside amid risk aversion and a stronger US dollar, that pushed AUD/USD sharply to the downside.

Earlier in September AUD/JPY peaked at 98.66 and since then moved with a downside bias, losing 300 pips. The pair is about to end the week trading at 95.75/85, almost 150 pips below the price it had a week ago.

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