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After a recent retest close to the 98.10 long-term secular range resistance from the October 2007 swing high on 22 January 2024 (printed an intraday high of 97.88), the momentum has been bearish on the AUD/JPY as illustrated by the downward sloping daily RSI momentum indicator. ....
"The labor market continues to show signs of resilience despite the rapid pace of interest rate hikes that the Fed initiated close to two years ago." ....