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AUD/JPY. Analysis and Forecast
According to data released today by
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According to data released today by Japan's Cabinet Office, the Japanese economy grew by 1% year-on-year in the April–June period. This figure significantly exceeded analysts' expectations of 0.4% growth and also marked a reversal from the 0.2% contraction recorded in the first quarter. These results reinforced the Bank of Japan's hawkish stance and kept open the possibility of a rate hike before the end of this year. Such a scenario is putting pressure on the AUD/JPY pair.The Australian dollar's weak
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