The AUD/JPY currency pair continues to experience a bullish trend, rising for the third consecutive session and trading around 105.20 during Tuesday's European hours. Earlier in the trading session, the pair reached a fresh high of 105.37, marking its highest level since July 2024. This upward movement reflects an improving risk-on sentiment in the market.
The positive sentiment is likely attributed to a combination of factors, including favorable economic indicators and a stronger appetite for riskier assets among investors. As the exchange rate for AUD/JPY strengthens, traders are keeping a close watch on potential resistance levels, with the pair's performance indicating broader trends in both the Australian and Japanese economies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 08:57
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.