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AUD/JPY reverses near 96.00

FXStreet (Córdoba) - During the last hour AUD/JPY has been moving with a clear downside bias and after the beginning of the American session bottomed at 95.16, reaching levels below Asian session lows at 95.21.

The pair dropped earlier to 95.21 after the release of the Australian employment report but rebounded sharply and jumped to 95.81, a level not seen since last Friday.

As the US dollar gained momentum in the market, AUD/JPY started to pull back and is now approaching to 95.00. The pair was recovering after falling yesterday to 94.69, the lowest price in two months but is proving to be short lived.

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