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AUD/JPY Forecast: Geopolitical Tensions in the Strait of Hormuz Put Pressure on the Japanese Yen
The AUD/JPY pair has entered a
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The AUD/JPY pair has entered a phase of bullish consolidation and has shown little reaction to mixed inflation data from China. At the moment, the pair is trading near the psychological level of 113.00—its highest level since March 18—with potential for further growth.China's National Bureau of Statistics reported that the headline Consumer Price Index (CPI) rose by 0.9% year-over-year in March. This marked a slowdown from 1.3% in February and came in below the expected 1.2%. On a monthly basis,
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