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AUD/JPY falls to 3-month lows

FXStreet (Córdoba) - AUD/JPY has been falling constantly since the Asian session and recently broke below 94.00 and bottomed at 93.84, reaching the lowest price since October 23. The pair is having the worst week since early December.

The yen gained momentum in the currency market during the last hours and hit fresh highs. While USD/JPY dropped below 118.00 the AUD/USD remains under 0.8000.

AUD/JPY technical levels

To the downside support levels could lie at 93.50 (Oct 21, 22 low) and 93.10 and 93.00. On the opposite direction resistance might be located at 94.60, 95.15 and 95.60.

No policy changes expected by BoE in 2015 – RBS

The Research Team at RBS forecast the BoE to hike rates only in Q1 2016, adding that with UK CPI on the verge of deflation, the chances of any policy change in this year are minimal.
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