The AUD/JPY cross extends its upside to two-week peaks around 99.92 on Thursday during the early European session.
AUD/JPY trades in positive territory for the third consecutive day around 99.92 on Thursday. The BoJ's cautious outlook and upbeat Australian data provide some support to the cross. The final reading of Australia's Judo Bank Services PMI rose to 54.4 in March against 53.5 prior. The dovish stance from the Bank of Japan at its March meeting and the lack of any guidance about future policy steps exert some selling pressure on the Japanese Yen .
The final reading of Australia's Judo Bank Services PMI rose to 54.4 in March from the previous reading of 53.5, while the Composite PMI figure climbed to 53.3 in March versus 52.4 prior. The upbeat data provides some support to the AUD amid a positive tone around the equity markets on Thursday.
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