The AUD/JPY currency pair has drawn buyers near the 101.20 level during the early European session on Tuesday, signaling increasing bullish momentum. This movement comes as the Japanese Yen (JPY) faces pressure from ongoing fiscal concerns and uncertainty surrounding the Bank of Japan's (BoJ) approach to policy tightening.
Traders are now eyeing the next key resistance level around 102.00, which could serve as a crucial barrier for further upward movement. Should the Australian Dollar (AUD) continue to strengthen against the JPY, it may indicate a broader trend influenced by shifting market sentiments and potential changes in central bank strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.