AUD/JPY edges above 113.00 as weak Japan GDP softens yen
AUD/JPY traded higher near 113.00 in early European hours as the yen weakened after weaker-than-expected Japanese GDP data, with the bullish bias intact above the 100-day SMA.
AUDJPY
AUD/JPY moved in positive territory near 113.00 during early European trading on Monday. The Australian dollar gained ground against the yen as the Japanese currency softened following weaker-than-expected Japanese GDP data.
The pair's technical outlook remains tilted to the upside while it holds above the 100-day SMA, according to the source. The move above the 113.00 area was described as part of a continued bullish bias.
Source: FXStreet Forex News