AUD/JPY ADVANCES ABOVE 93.00 DUE TO EASING US-CHINA TRADE TENSIONS
AUD/JPY ADVANCES ABOVE 93.00 DUE TO EASING US-CHINA TRADE TENSIONS
The AUD/JPY currency pair has risen above the 93.00 mark, trading around 93.20 during the Asian session on Friday.
This upward movement marks its third consecutive day of gains.
The Australian Dollar (AUD) is experiencing strength, supported by improving market sentiment and easing US-China trade tensions.
The AUD/JPY pair has advanced to approximately 93.20 during the Asian session on Friday, continuing its upward trend for the third consecutive day.
Investor sentiment has improved due to signs of easing trade tensions between the United States and China.
The Chinese Commerce Ministry indicated openness to negotiations and noted the U.S.’s willingness to engage on tariff issues, boosting market confidence.
The Australian Dollar is benefiting from the improved market sentiment, as Australia has strong economic ties with China.
Optimism regarding the resolution of trade issues between the U.S. and China has led to increased demand for the AUD.
The Japanese Yen (JPY) is weakening as investors shift towards riskier assets in the current "risk-on" environment.
The JPY is traditionally considered a safe-haven currency, and its decline reflects reduced demand amid improved global market conditions.
Technical analysis shows that the AUD/JPY pair is trading above key support levels, indicating bullish momentum
