Japan’s Data Is Strengthening as Australia’s Weakens. Why Is AUD/JPY Rising?

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Japan's data is strengthening and Australia's is weakening, yet AUD/JPY keeps rising — because the cross is trading on the global yield backdrop and carry differential, not on either country's local fundamentals.The post Japan’s Data Is Strengthening as Australia’s Weakens. Why Is AUD/JPY Rising? appeared first on ActionForex.