AUD/JPY Strengthens Above 113.00 on Hawkish RBA Stance

The AUD/JPY cross traded in positive territory near 113.05 on Monday during early European hours. The pair strengthened as the Reserve Bank of Australia maintained a hawkish tone, providing support to the Australian Dollar against the Japanese Yen.

The uptrend is also underpinned by technical factors, with the pair holding above the 100-day simple moving average (SMA). The RBA's stance continues to back the Aussie, while the Yen faces headwinds from persistent dovish policy from the Bank of Japan.

Market participants are now watching for further catalysts to extend the move. The 113.00 level serves as near-term support, with resistance likely ahead of recent highs.