The AUD/JPY pair has experienced a decline, approaching the 98.00 mark. This drop stems from ongoing challenges faced by the Australian Dollar against its peers, fueled by recent domestic economic statistics and China’s CPI inflation report.

As the market watches these developments closely, the AUD/JPY cross is seen trading around the 98.00 level during early European trading hours. Traders should remain cautious as the potential for further declines exists.

Monitoring economic indicators and policy trends will be essential for understanding future movements in this currency pair.