AUD/JPY Plummets to Lowest Level Since September, Falls Below 94.00 Mark
The AUD/JPY pair has seen a significant drop, marking its lowest level since September 2024. After an initial uptick in the Asian session to the 94.20 area, the currency pair turned sharply lower, trading around 93.70. This downward movement highlights a persistent bearish trend that has now extended for three consecutive days.
Fresh selling pressure appears as market participants react to broader economic concerns. This notable decline emphasizes the fragility of the Australian Dollar against the Yen. Such developments necessitate careful monitoring of macroeconomic indicators from both Australia and Japan as they could further influence the AUD/JPY trajectory in the coming days.