AUD/JPY Edges Lower, Briefly Falling to ¥109.23 | FX and Forex News

The story

Cross-yen pairs generally drifted lower, and yen strength continued. Risk aversion spread as the Nikkei Stock Average fell sharply, leaving major currency pairs weak.

AUD/JPY fell as low as ¥109.23, while EUR/JPY stood at ¥177.40 and GBP/JPY at ¥208.16.

Favourable Tokyo inflation data was cited as the backdrop, with views expressed that the yen’s strengthening trend remained intact.

At a glance

LevelAUD/JPY fell as low as ¥109.23.

Key factorThe favourable Tokyo inflation index and the decline in the Nikkei Average weighed on the market.

Currency pairs coveredCross-yen pairs generally drifted lower, reflecting yen strength.

Exchange rate levelEUR/JPY was at ¥177.40 and GBP/JPY at ¥208.16.

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