Australian Dollar Gains on Japanese Yen, Less Successful vs. US Dollar

The Australian dollar ticked up against the Japanese yen during the Friday’s trading session due to positive macroeconomic data from Australia and the weakness of the Japanese currency. The Aussie was far less successful against the US dollar, trading close to the opening level.

Australian retail sales rose 0.4 percent in August from July, in line with expectations. The indicator dropped 0.1 percent during the previous reporting period. The data helped the Aussie to gain on some of its major rivals, including the yen, but the greenback showed resilience.

AUD/USD was little changed at 0.7023 as of 10:52 GMT today. Meanwhile, AUD/JPY edged up from 84.26 to 84.44.

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