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AUD/JPY: Sellers keep control ahead of China HSBC PMI

FXStreet (Bali) - AUD/JPY is being controlled by sellers in the early going of the Tokyo session, with the rate currently at 95.21, just a few pips away from Monday's low, a level that represents the lowest since August 15.

The heavy selling in the Kiwi on Monday, courtesy of a market spooked by the prospects of RBNZ intervention, dragged the Australian Dollar lower. Meanwhile, the short term overbought studies in the Japanese Yen led to slower losses in the currency, resulting in the AUD/JPY still being dominated by selling forces this week.

The next key event to drive the currency is due at 1.45 GMT, time when the China HSBC PMI will be released. Note, since today is the final reading, which doesn't tend to deviate much from the preliminary number, volatility should be fairly contained. Another focus of attention for traders is the ongoing mass protest in HK, which could affect risk sentiment if the situation escalates.

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