AUD/JPY Faces Selling Pressure; RBA Press Conference in Focus
The AUD/JPY cross is encountering some selling activity, trading near 93.00 during Asian trading hours this Tuesday. The Australian Dollar is modestly lower against the Japanese Yen, partially influenced by the Reserve Bank of Australiaโs (RBA) recent interest rate decision. As traders await the RBA press conference, the market is positioned for potential developments. Anticipated remarks could influence future trading patterns, highlighting investorsโ desire for clarity amid changing market conditions.