AUD/JPY Surges Close to 98.80 on Upbeat Chinese PMI Data

Monday, 1 April 2024, 08:57

The AUD/JPY pair surged to nearly 98.80 boosted by positive Chinese Purchasing Managers Index (PMI) figures. This uptrend indicates improving sentiment in the market, likely driven by the encouraging economic data from China. The strong performance of AUD against JPY showcases the impact of key indicators on forex trading.

https://store.livarava.com/b01f2f43-f015-11ee-8919-87cc5c87fb08.jpg — AUD/JPY Surges Close to 98.80 on Upbeat Chinese PMI Data

Key Takeaways:

The AUD/JPY pair appreciated to near 98.80 supported by positive Chinese PMI figures, highlighting improving market sentiment.

Details:

AUD/JPY: Near 98.80 during European session
Chinese PMI: Positive numbers driving the surge

This uptrend shows the impact of crucial economic indicators on forex trading performance, with AUD displaying strength against JPY.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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