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AUD/USD Weekly Price Forecast – Aussie Powers Higher For The Week

The Australian dollar has seen a lot of noisy behavior, as recovery was on the menu this past week. At this point, we are in the middle of the overall consolidation area that has been so important in this pair.

AUD/USD Forecast – Aussie Continues to Swim Upstream

The Aussie dollar rallied on Friday, as we continue to see it swim upstream. The market was strong in the early hours of Friday but finds itself in the middle of the previous consolidation area.

Yen Hits New Multidecade Low After Bank of Japan Stays on Hold

The yen whipsawed Friday, hitting a fresh multidecade low against the dollar, after Bank of Japan Gov. Kazuo Ueda disappointed traders seeking hints on further rate increases. + Some analysts say only bigger moves would trigger intervention by Japan's finance ministry. The central bank decided earlier in the day to maintain its recent target range for interest rates at 0% to 0.1%. Ueda left the door open for more rate increases, but suggested recent falls in the yen might not trigger immediate BOJ action.

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  BOJ keeps low rates, hints of future rate hikes fail to stem yen fall

  Reuters
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  Analysis-The yen has a yield problem the BOJ can't easily fix

  Reuters