The AUD/JPY currency pair is trading near a 16-month high, hovering around the 103.20 mark during the European session on Monday. This notable rally can be attributed to the Australian Dollar's robust performance against its peers, bolstered by market anticipation ahead of the Reserve Bank of Australia's monetary policy announcement scheduled for Tuesday.
As traders position themselves ahead of the RBA's decision, the strength of the Australian Dollar reflects growing confidence in the nation's economic outlook. This dynamic has led to increased trading activity in the AUD/JPY pair, which remains a focal point for forex investors. Market sentiment will likely be influenced by the RBA's stance on interest rates, potentially driving further movement in this exchange rate in the coming days.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-08 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.