AUD/JPY Climbing On China And RBA

As the Chinese equity market opened with a bid and dragged other Asian markets with it, the Yen has weakened on the equity rise with investors searching for higher yielding assets. The Shanghai Composite is sitting on session highs with the AUD/JPY probing the 100 hr moving average which has defended the pair for a week and the next level of resistance seen at the 50% retracement of the short-term move.

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