AUD-JPY rallied by about 1%, which is the biggest movement in early-week trading out of the main currencies, and emblematic of a broader tone of risk appetite in global markets. USD-JPY posted a six-session high at 109.76, surpassing Friday’s peak by 3 pips. EUR-JPY also pegged a six-session peak, while AUD-JPY rallied to a nine-session high as the yen saw a further unwinding in safe haven premium following a strong close on Wall Street on Friday and gains in Asian stock markets today, with Friday’s solid U.S.
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