AUD/JPY pierces big level to downside

AUD/JPY posted an intraday 52-week low but failed to close lower.

There is a new AUD/JPY 52-week low in place, but not on a daily close basis. Today's price movement punched a 52-week low but came back, closing the day above.

USD/JPY: poised to extend decline - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen got benefited for plummeting Chinese stocks, and the USD/JPY pair plummeted to its lowest since last August, reaching a daily low of 116.69 during the Asian session.
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