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AUD/JPY stabilizes near 106.00 as intervention fears ease
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AUD/JPY stabilizes near 106.00 as intervention fears ease
The AUD/JPY halts its downtrend and trades flat during Tuesday’s US session after posting back-to-back bearish daily candles, on speculation of intervention in the FX markets to boost the Japanese Yen. Consequently, the Aussie dropped but as of writing, it has recovered some ground, capping its weekly losses and exchanges hands at around 106.61, virtually unchanged. AUD/JPY Price Forecast: Technical outlook The AUD/JPY is upwardly biased despite…
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