The Japanese yen continued to strengthen during the Asian session and the pair USD/JPY was traded near the strategic level at JPY100 today.
During the decrease, the pair strengthened below 100.77. The weak US currency increased the chance of the breakthrough below that level.
We believe that by being locally oversold, the pair will be restricted by JPY99.90-100 from a further decrease. Before any further drop, another price jump will follow.
Today, the Reserve bank of Australia announced the reason of interest rate drop. The protocols said that once economic growth perspectives in Australia remained stable, low interest rates would favor that growth.
During the Asian session, AUD/USD resumed its growth based on the weak US dollar and the strong, speculative growth of oil quotes.
The pair aimed to test the maximum of April 2016 at AUD 0.7830.
The pair NZD/USD resumed the growth as a result of common factors and in the nearest time we expect the break through 0.7300 and the market consolidated above this level.
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