The AUD/JPY currency pair has softened to approximately 104.00, breaking a six-day winning streak in early European trading on Wednesday. This decline follows disappointing producer deflation data from China, which has negatively impacted the Australian Dollar, often viewed as a proxy for Chinese economic performance, against the stronger Japanese Yen.
The exchange rate's retreat highlights the challenges facing the AUD amid economic uncertainties in China, raising concerns about Australia's growth outlook. The overbought RSI further caps the upside potential for the pair, suggesting traders may need to reassess their positions in anticipation of additional volatility influenced by global economic factors.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.