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fxJun 15, 2026, 4:30 AM

AUD/JPY Strengthens Above 113.00, Positive Tone Intact

The AUD/JPY cross traded around 113.35 during early European session Monday, supported by reports of a US-Iran peace deal that boosted risk appetite for the Australian dollar against the Japanese yen.

AUDJPY

The AUD/JPY pair maintained its upward momentum in early European trading on Monday, hovering near 113.35. The cross remains firmly above the 113.00 psychological level, sustaining a constructive short-term outlook.

Market sentiment was buoyed by unconfirmed reports that the United States had reached a peace agreement with Iran. This development encouraged demand for risk-sensitive currencies such as the Australian dollar, while the safe-haven Japanese yen saw limited buying interest.

Traders are now watching for further catalysts, with resistance likely near the 114.00 area. A break above that level could open the door to additional gains, while support is expected around 113.00.

Source: FXStreet Forex News