AUD/JPY Dips Under 113.50, Bullish Bias Remains
AUD/JPY traded lower near 113.45 in early European hours amid verbal intervention by Japanese authorities supporting the yen, though the near-term bullish structure remains intact.
AUDJPY
The AUD/JPY cross declined to around 113.45 during early European trading on Thursday.
Verbal intervention from Japanese officials provided support to the Japanese yen against the Australian dollar. Despite the intraday decline, the pair retains a bullish near-term structure according to the latest price action.
Traders are watching for further signals from Japanese authorities and broader risk sentiment to gauge the next directional move.
Source: FXStreet Forex News