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AUD/JPY rejected from 102.00

FXStreet (Córdoba) - AUD/JPY is rising modestly on Tuesday, amid events in Japan, RBA minutes and G. Stevens remarks. In Japan, Abe called for snap elections to be held in December and announced the delay of the hike in the sales tax for 18 months; while Stevens, RBA governor, mentioned that investors in the forex market underestimate the risk of af decline in the aussie.

The pair climbed during the European session to 102.22, approaching multi-month highs, but once again it was rejected form above 102.00 and retreated sharply bottoming at 101.30 during Abe’s announcements.

From the lows bounced and rebounded but faced resistance below 102.00. Currently trades at 101.75, 20 pips above yesterday’s closing price, on it way to post the strongest daily close since May.

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