AUD/JPY Faces Selling Pressure: Market Trends Uncertain
The AUD/JPY cross is currently seeing renewed selling pressure as it trades near the 94.00 mark. The intraday decline marks a continuation of the trend observed earlier in the European session. Spot prices have dipped below the 93.00 level, indicating a halt in a two-day recovery that followed the lowest levels reached since August 2024. Traders should prepare for further fluctuations in this currency pair as the market evaluates the potential for additional downward movements.