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AUD/JPY Price Forecast: Softens below 111.50, retaining bearish bias under the 100-day SMA

FXStreetJapan

AUD/JPY Price Forecast: Softens below 111.50, retaining bearish bias under the 100-day SMA

The AUD/JPY cross trades in negative territory around 111.25 during the early European session on Thursday. Markets could turn cautious later in the day ahead of Tokyo’s Consumer Price Index (CPI) inflation report and the Bank of Japan (BoJ) interest rate decision on Friday.

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