AUD/JPY Dips as Global Trade Uncertainties Elevate Safe-Haven Demand
AUD/JPY trades in a subdued manner near 93.40 during European hours on Monday after experiencing three consecutive days of gains. This currency pair is under pressure as global trade uncertainties increase, enhancing demand for safe-haven assets such as the Japanese Yen (JPY). Market participants should focus on how these trade dynamics will evolve, which may significantly impact currency valuations in the near future.