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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

​​​EUR/JPY, USD/JPY remain in recovery mode while AUD/USD continues to appreciate​​​

​​​EUR/JPY, USD/JPY remain in recovery mode while AUD/USD continues to appreciate post US inflation print.​​

Yen Source: Adobe images

​​​EUR/JPY in recovery mode

EUR/JPY is still gradually advancing towards the 200-day simple moving average (SMA) at ¥164.03. This will remain the case while Tuesday's low at ¥160.59 underpins.

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

​USD/JPY still range trades

​USD/JPY's sharp drop from its ¥161.95 early July high to its ¥141.70 early August low is being followed by a minor bounce and sideways range trading, so far below the ¥148.00 mark.

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

​AUD/USD stays on upward trajectory

AUD/USD's recovery rally off its $0.6349 low is ongoing with the 55-day SMA at $0.6637 expected to be revisited, together with the early April and May highs at $0.6644-to-$0.6667. This short-term bullish view will remain intact while Thursday's intraday low at $0.6567 holds.

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

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