AUD/JPY Climbs Towards 95.00 as Australian Dollar Rallies on Copper Surge
The AUD/JPY pair rebounded sharply, trading near 94.90 during the European trading session on Wednesday. The resurgence of the commodity-linked Australian Dollar (AUD) is primarily fueled by a significant rise in Copper futures, which recently surged above $5.20 per pound. This bullish momentum indicates continued strength for the Australian currency, and traders should keep a close eye on Copper price movements, as they will likely influence AUD/JPY further.