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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. 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 instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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​​​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
Forex Japanese yen USD/JPY AUD/USD United States dollar EUR/JPY
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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