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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

AUD/USD side-lined below key resistance while EUR/JPY, USD/JPY grind higher

AUD/USD stays side-lined below key resistance while EUR/JPY, USD/JPY grind higher ahead of US PPI print.

JPY Source: Getty Images

AUD/USD is side-lined

AUD/USD continues to sideways trade below the $0.6644 to $0.6667 resistance zone, having bounced off last week's $0.6558 low. A rise above $0.6667 would target the $0.685 region.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

EUR/JPY on track for seventh straight day of gains

EUR/JPY has reached the ¥168.66 early-May high, above which now beckons the ¥169.10-39 zone ahead of the psychological ¥170.00 mark. Minor support is spotted in the ¥167.51-34 region.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

USD/JPY continues its ascent

USD/JPY continues to rise towards the ¥160.00 region. Immediate upside pressure will remain in play while last Tuesday's low at ¥153.87 underpins.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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