AUD/JPY: Buyers give hesitant welcome to upbeat Aussie Q4 CPI above 80.00
Jan 27, 2021 01:57 GMTFXStreet News AUD/JPY rises to one-week high before stepping back even as Australia’s Q4 CPI jumps above market forecasts. Aussie Westpac Leading Index eased below 0.7% prior in December, NAB Business Confidence dropped as well. Market sentiment seesaws on mixed data, vaccine hopes and IMF’s upward revision to global economic growth. Pre-Fed sentiment can probe the traders but risk catalysts may offer intermediate moves. AUD/JPY drops to 80.35, following the recent jump to refresh weekly top with 80.44 level, during Wednesday’s Asian session. The pair initially res...
Source: forexcrunch.com