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Could AUD/JPY break this resistance ahead of Aussie jobs and BoJ?


As we reported earlier, the U.S. dollar/Japanese yen (USD/JPY) currency pair could be poised for a bullish breakout potentially after the Federal Reserve almost certainly raises interest rates tomorrow. We anticipate that the FOMC may prepare the market for two further rate increases this year, thanks to recent improvement in economic conditions and rising consumer inflation in the US which hit a 6-year high of 2.8% as the Bureau of Labor Statistics reported earlier today.

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