The Australian Dollar edged higher by 2.90% against the Japanese Yen since September 22. The currency pair breached the 50– and 200– period SMAs during this week’s trading sessions.
All things being equal, the exchange rate could continue to surge during the following trading sessions. The potential target for the AUD/JPY pair would be near the 83.50 level.
However, the currency exchange rate could encounter resistance at 81.62 could in the nearest future.
