AUD/JPY Outlook (6 July 2022)
Anticipating further AUDUSD weakness, this could take the AUDJPY lower as well.
Despite general Yen weakness, the Yen has found some strength over the past trading sessions as markets increased concern over a global recession, which could have led to the increase in demand for the safe haven currency.
The AUDJPY tested and rejected the 92.50 resistance level, confirming the likelihood for further downside. Look for price to trade lower towards next support of 91.00
Despite general Yen weakness, the Yen has found some strength over the past trading sessions as markets increased concern over a global recession, which could have led to the increase in demand for the safe haven currency.
The AUDJPY tested and rejected the 92.50 resistance level, confirming the likelihood for further downside. Look for price to trade lower towards next support of 91.00
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