AUD/JPY slides 50 pips on downbeat Aussie employment, mixed Japan trade data – by anilpanchal7 AUDJPY Employment ForeignTrade RiskAversion Crosses
early Thursday. Also weighing on the cross-currency pair are the downbeat yield and cautious mood in the market.
On Wednesday, that Australia’s Wage Price Index repeated 0.8% QoQ figures for the first quarter of 2023, below the 0.9% market consensus, whereas the YoY numbers improved to 3.7% versus 3.6% expected and 3.3% previous readings. On the other hand, Japanese economic growth came in as 0.4% versus 0.1% expected and 0.
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