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Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls

Published: October 14, 2022

The Australian Dollar was whipsawed by a violent reaction to the stronger US CPI report. Be wary of violent USD/JPY price action as the pair climbs past levels where Japan intervened.

Source: dailyfx.com

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Daniel DubrovskyFederal ReserveAustralian DollarJapanese YenAsia Pacific MarketMarket RecapViolent MarketWall StreetDollar ReactionAsia Pacific Trading SessionOptimism AheadSimple Moving Average