AUD/JPY is reporting gains after the three-day losing streak. A better-than-expected Tokyo inflation number is likely being overshadowed by an uptick in Japan’s jobless rate. The Japanese yen is trading on the defensive despite better-than-expected Tokyo inflation release. AUD/JPY, in particular, is reporting modest gains at press time, having registered losses in the previous three trading days. Tokyo consumer price index increased at an annualized rate of 0.6 percent in February, the data released by the Ministry of Internal Affairs and Communications said on Friday. The headline figure bettered the forecast of a 0.4 percent increase, which would have been an unchanged reading. Further, core CPI, which excludes volatile food prices, jumped 1.1 in February, topping the forecast of 1 percent increase. The upbeat inflation data, however, has failed to put a bid under JPY, possibly because Japan’s jobless rate ticked higher to 2.5 percent in January. Looking forward, JPY selling may gather steam if Caixin’s China manufacturing PMI, which surveys small and medium-sized export-oriented units, prints above 50.00, lifting the risk assets higher across the globe. AUD/JPY Technical Levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next LTC/USD: Buyers edge out sellers as market shows bullish tendencies FX Street 4 years AUD/JPY is reporting gains after the three-day losing streak. A better-than-expected Tokyo inflation number is likely being overshadowed by an uptick in Japan's jobless rate. The Japanese yen is trading on the defensive despite better-than-expected Tokyo inflation release. AUD/JPY, in particular, is reporting modest gains at press time, having registered losses in the previous three trading days. Tokyo consumer price index increased at an annualized rate of 0.6 percent in February, the data released by the Ministry of Internal Affairs and Communications said on Friday. The headline figure bettered the forecast of a 0.4 percent… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
