Australian Dollar / Japanese Yen forum

Targets Point 95.400
keep up strong hold
Vote For Sell Now.
Vote For Sell Now
Targets Point 96.200
Keep Up Strong Following this Setup
Vote Buy Now.
AUD/JPY is currently hovering around the 95.00 psychological level. A decisive break below this level could open further downside potential. The Japanese Yen is gaining traction amid a global risk-off sentiment, acting as a safe-haven currency. Meanwhile, the Australian Dollar is under pressure as speculation grows about potential rate cuts by the Reserve Bank of Australia (RBA).
In addition, AUD is highly correlated with commodities. The recent decline in commodity prices is dampening investor appetite for the Aussie.
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