The AUD/JPY currency pair remains under pressure, trading around the mid-104.00s during the European session. This decline follows a recent peak, as the yen finds support from a hawkish stance adopted by the Bank of Japan. The exchange rate is currently just below its highest level since July 2024, indicating a lack of momentum for the Australian dollar against its Japanese counterpart.
Despite the modest intraday losses, the AUD/JPY cross has shown resilience, failing to break significantly below recent highs. Traders are closely monitoring developments from the BoJ, which continue to influence market sentiment and drive JPY strength. As the forex landscape evolves, market participants will look for cues that could shift the balance in this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 09:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.