AUD/JPY gains ground to 110.30 as Japanese policy caution pressures the Yen, though the pair remains capped below its 100-day moving average.
AUD/JPY trades higher around 110.30 but remains below the 100-day SMA, indicating near-term strength with an overall bearish outlook.
The AUD/JPY pair climbs to 110.30, snapping a two-day losing streak during early European trading. Cautious rhetoric from Japanese policymakers continues to weigh on the Yen, providing a short-term boost to the Australian Dollar despite broader technical resistance.
The pair is rising primarily due to cautious rhetoric from Japanese policymakers, which has weakened the Japanese Yen against the Australian Dollar.