Bearish
AUD/JPY drops to 109.60 as weak Australian labor data dampens sentiment
The AUD/JPY currency pair declined to 109.60 following the release of weaker-than-expected Australian labor market data. This marks the second consecutive day of losses for the pair, indicating ongoing bearish momentum.
Key points
- AUD/JPY falls to 109.60 amid disappointing Australian employment figures.
- Market awaits potential recovery in Australian employment data.
- Potential for unexpected strength in the Japanese Yen due to central bank policy shifts.
Sources
AI-generated from public news sources. Not financial advice.
