The AUD/JPY currency pair has reached a fresh two-week low, currently trading around 92.30 during early European hours. This downturn is attributed to the increased likelihood of Bank of Japan rate hikes. Recent positive data on Japanese Machinery Orders have raised expectations for further monetary tightening. As recession fears persist, market sentiment may continue to impact the JPY’s performance against other currencies. Forex traders should remain alert to these developments as they gauge potential risks and opportunities in their strategies. Understanding shifts in monetary policy can provide insights into future currency movements.