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Forex: AUD/JPY continues to form “pennant” pattern on daily chart

The AUD/JPY closed the session up 50 pips at 101.18. It was a “risk on” theme across many markets which again seemed to benefit the commodity currencies such as AUD, CAD, and NZD. Later in the session, we will get the RBNZ Business Confidence at 1:00 GMT, followed by AUD Private Sector Credit at 1:30 GMT.
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