AUD/JPY Holds Gains Above 96.00 Amid Ongoing Tariff Concerns
Despite the ongoing turbulence, AUD/JPY maintains position above 96.00 during the Asian hours on Friday. However, potential gains may be constrained as the Australian Dollar (AUD) grapples with increased likelihood of an RBA rate cut in February. Market participants are cautious while weighing external factors, including tariff discussions, that influence currency performance. This environment invites volatility and price fluctuations as traders assess the broader implications of these events on market conditions. The dynamics within the AUD/JPY currency pair will continue to attract attention as external factors impact performance.