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The Australian dollar has fallen against the Japanese yen in recent trading, with the AUD/JPY currency pair currently trading at 82.50. This represents a decline of 0.5% from the previous day's close.
The decline in the Australian dollar is likely due to a combination of factors, including the recent release of weak economic data from Australia and the ongoing trade war between the United States and China.
The weak economic data from Australia includes a decline in retail sales and a rise in unemployment. This has raised concerns about the strength of the Australian economy and has led to a sell-off in the Australian dollar.
The ongoing trade war between the United States and China is also weighing on the Australian dollar. The trade war has led to a decline in global trade, which has hurt the Australian economy, which is heavily dependent on exports.
The decline in the Australian dollar is likely to continue in the near term, as the factors that are weighing on the currency are still in place. However, the currency could rebound if the economic data from Australia improves or if the trade war between the United States and China is resolved.
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