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AUD/JPY breaks above 100.00, 1-year high

FXStreet (Córdoba) - AUD/JPY broke above 100.00 for the first time since May 2013 and printed a fresh high at 100.09. A weak yen in the currency market boosted the pair.

Ahead of Wall Street opening bell amid a US holiday, the pair is hovering around 100.00 rising for the fourth day in a row as USD/JPY continues near multi-year highs around 116.00 and as AUD/USD erases losses and rises back above 0.8600.

AUD/JPY and the best day of the month

The aussie is having the best day since the beginning of the month against the yen and has risen so far more than a hundred pips. AUD/JPY accelerated to the upside after rising above 99.30 and broke 99.70 (last week high) without making a pause.

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The Forex Research Team at TD Securities view the USD/JPY path higher to be risky in lieu of the uncertainties revolving around the BoJ policy outlook.
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Russia brings forward shift to fully free floating currency – BTMU

Lee Hardman, Currency Analyst at Global Markets Research Bank of Tokyo-Mitsubishi UFJ sees the measures taken by CBR as a step in the right direction.
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