The Australian Dollar has declined by 1.68% against the Japanese Yen since June 25. The currency pair breached the 50– period simple moving average during this week’s trading sessions.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the AUD/JPY pair will be near the 82.00 level.
However, the weekly support level at 82.74 could provide support for the currency exchange rate in the shorter term.
