The AUD/JPY cross extends its decline to around 100.00 during the early European session on Friday.
AUD/JPY weakens to near 100.00 in Friday’s early Asian session, down 0.50% on the day. The cross keeps the bullish vibe above the key 100-period EMA, but RSI indicator shows neutral momentum. The immediate resistance level is located at 100.73; the first downside target emerges at the 99.00 psychological level. The Japanese Yen climbs against the Australian Dollar after comments from Japan’s ministers earlier in the day.
AUD/JPY 4-hour chart Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
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