AUD/JPY Dips Below 113.50 on Intervention Fears, Bullish Trend Intact
AUD/JPY softened to around 113.35 during European trading amid fresh intervention rhetoric from Japanese officials, but the broader bullish outlook remains intact.
AUDJPY
The AUD/JPY cross edged lower to near 113.35 in early European trade on Friday, pressured by renewed speculation that Japanese authorities may intervene to support the yen. Despite the intraday decline, the pair retains a bullish bias, with market participants monitoring for further intervention signals.
Source: FXStreet Forex News