AUD/JPY Price Forecast: Weakens to near 112.50, near-term outlook remains bearish

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The AUD/JPY cross trades in negative territory around 112.55 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders remain on high alert for further currency intervention from Japanese authorities.

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AUD/JPY Price Forecast: Weakens to near 112.50, near-term outlook remains bearish