AUD/USD remains in a consolidation phase after rallying 2% in January

Trades in a well supported range as base for a further rally builds

Supported by China economic recovery optimism, higher commodity prices

Robust Australian economy, rising prices for Australia's exports support

All eyes on AUD/JPY on expectations of crucial BOJ policy decision Wed

Break of 0.7020 opens ratchet to 0.7125-35; support 0.6930-40, 0.6910-15

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