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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.

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

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