AUDJPY The increase speed will be fast again

AUDJPY records a decline for the fourth consecutive day, currently trading at 97.37, a slight drop of 0.05%.
The Australian Bureau of Statistics reports a slowdown in inflation, with the Consumer Price Index (CPI) rising by 4.9% in October, less than the anticipated 5.2%.
AUDJPY traders eye Japanese Industrial Production, Retail Sales and Consumer Confidence.
AUDJPY extended its losses for the fourth straight trading day, due to overall Aussie’s Dollar (AUD) weakness, as the latest inflation report showed substantial progress. Hence, traders scale back tightening prospects by the Reserve Bank of Australia (RBA). At the time of writing, the AUD/JPY is trading at 97.37, down 0.05% in early Thursday’s Asian session.

Lower-than-expected inflation data in Australia leads to reduced expectations for RBA tightening, a headwind for AUDJPY

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BUY AUDJPY zone 97.300 - 97.150

SL : 96.800

TP 1 : 97.600
TP 2 : 98.000
TP 3 : 98.300

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