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Japan Labor Cash Earnings (YoY) increase to 0.3% in May from -0.9%

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AUD/JPY advances capped below 97.50

The AUD/JPY finished the day up 33 pips to close at 97.14, at one point trading as high as 97.26 but failing to take out key resistance near the 97.50 level (the 9dma). Market participants should be aware that we will see the latest RBA Rate Decision later in the session at 4:30 GMT, as well as Aussie GDP figures tomorrow.
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