Yen pushes higher as Aussie falls on China growth concerns
it's interesting, can the yen break up the level of resistanse: 100 or we can see the technical correction from this level?
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The yen rose broadly and the Australian dollar hit a six-week low on Tuesday as a weak reading on the Chinese manufacturing sector stirred worries about the health of the global economy.
The Australian dollar touched a low of $1.0222 as of 0337 GMT, its lowest level since March 11, and last changed hands at $1.0224, down 0.4 percent from late U.S. trade.
Growth in China's vast factory sector dipped in April as new export orders shrank, according to the flash HSBC Purchasing Managers' Index -- a preliminary survey of factory managers, suggesting the world's No.2 economy still faces formidable global headwinds into the second quarter.
The gauge of manufacturing in China, Australia's biggest export market, triggered a renewed fall in the Aussie dollar, which only last week had suffered its biggest weekly percentage drop in nearly a year, hit by concerns about Chinese growth and a rout in commodity prices.
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