AUDJPY SHORT: Caixin Services PMI lower than estimated

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China's January Caixin Services PMI was 51.0 vs. 52.2 in December. This shows a slowing service sector in China. As a result of this economic news release, the Australian dollar is expected to potentially weaken against the Japanese yen. We must remember that China is one of Australia's biggest trading partners, so anything that happens in China will almost always affect the Australian dollar.
Trade chiuso: obiettivo raggiunto
Target reached approximately two days later.

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