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AUD/JPY: Intraday Analysis & Forecast

The Australian and New Zealand dollars hit one-month lows on Tuesday after breaching key support levels as risk appetite ebbed, while domestic data added to signs that interest rates Down Under have peaked and the next move would be down.

The Aussie AUDUSD fell 0.5% to $0.6625, the lowest level in a month, after a 0.4% drop overnight. It had been struck in a narrow range of $0.6640 and $0.6730 for the past two weeks, failing to break any higher.

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