AUD JPY continues its upward trajectory for the second consecutive day, currently trading around 93.60 during the Asian trading hours on Wednesday. Despite this rise, a closer look at the daily chart reveals that the pair remains within a descending channel, indicating a prevailing bearish sentiment.

Market participants are advised to remain cautious as price action develops. The next key barrier to watch is the nine-day Exponential Moving Average (EMA), which might offer resistance to further gains. Following updates on this currency pair is essential for traders seeking to capitalize on market movements, and Entreprenerdly.com will provide ongoing analysis and strategy insights.