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AUD/JPY tumbles to 4-month low

FXStreet (Córdoba) - AUD/JPY broke abelow 94.70 yesterday accelerating the decline and plummeted recently to 93.66, reaching the lowest price since May 22.

Risk aversion boosted the yen while weakened the aussie. The Australian currency is among majors, the worst perform on Friday.

AUD/JPY outlook

After trading days above 95.00, the break of the mentioned level, turned the outlook bearish for the pair. Currently is moving away from the lows and is attempting to hold above 94.00 but still seems under pressure.

The pair is about to post the lowest weekly close since March, extending the retreat from 16-months highs, that reached in August at 98.66. It the third weekly decline in a row for the aussie versus the yen.

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