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AUD/JPY rises to 17-month highs

FXStreet (Córdoba) - A weak yen pushed AUD/JPY to the highest level since May 2013. The pair printed a fresh high at 99.07 and currently is hovering around 99.00 after rising almost a hundred pips from daily lows.

During the Asian session, after economic data from Australia and China bottomed at 98.11 but then rebounded and turned to the upside rising constantly.

The Japanese currency is falling sharply across the board favoring the upside in the pair, that has risen almost 400 pips in the last three trading days. The AUD/USD is trading near 0.8700, at weekly lows but the USD/JPY jumped above 113.50.

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