AUD/JPY stays weak above 112.50 as JPY gains on intervention fears

AUD/JPY stays weak above 112.50 as JPY gains on intervention fears

The AUD/JPY cross remains on the back foot for the second consecutive day and trades just above mid-112.00s during the Asian session on Friday. Spot prices, however, lack bearish conviction, warranting some caution before positioning for an extension of this week’s modest pullback from the vicinity of the 114.00 mark, or the highest level since […]