AUD/JPY rises for the fourth day in a row

By FXStreet FXStreet (Córdoba) – AUD/JPY rose for the fourth day in a row and is headed toward the highest close since the beginning of the month.

AUD up on data, JPY down on comments

The aussie is the best performer among the most traded currencies boosted by the Australian jobs report. According to the official report, employment rose by 17,000 above the 5,000 expected by market analysts.

The yen, weakened during the Asian session, after Japanese Lawmaker Kozo Yamamoto mentioned that the next policy meeting of the Bank of Japan (October 30) would be a good opportunity for further easing.

The pair is recovering after posting on Friday the lowest daily close since 2012. So far it managed to stay above 82.00 and since then rallied more than 300 pips. Today AUD/JPY peaked at 85.89, the highest level in a week. Near the end of trading in Wall Street, it stands at 85.30/40, up 0.95% for the day.
For more information, read our latest forex news. …read more

Source:: FX Street