Australian Dollar Gains Momentum against Japanese Yen, Buyers Showing Caution on Hourly Chart

Wednesday, 3 April 2024, 19:51

The AUD/JPY pair saw a significant rise of 0.82% on Wednesday, hitting a trading price of 99.58. The latest price movement indicates a strong uptrend for the Australian Dollar against the Japanese Yen, but buyers are beginning to exhibit signs of pausing on the hourly chart. This shift in buyer behavior suggests a potential consolidation phase or a temporary pullback in the ongoing bullish trend.

https://store.livarava.com/29078153-f219-11ee-8956-87cc5c87fb08.jpg — Australian Dollar Gains Momentum against Japanese Yen, Buyers Showing Caution on Hourly Chart

AUD/JPY Price Analysis

In Wednesday's session, the AUD/JPY pair is trading at 99.58, following an increase of 0.82%.

Buyers of the AUD/JPY pair are indicating a temporary pause on the hourly chart, after an impressive surge in price.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

AUD/JPY Price Analysis

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