The AUD/JPY currency pair has been dominated by bearish momentum since the beginning of December. The Australian Dollar lost about 1.83% in value against the Japanese Yen during last week’s trading session.
Everything being equal, it is likely that the currency exchange rate will continue its downside movement within this session.The potential targets for the pair will be near a swing low of 77.50.
Furthermore, technical indicators demonstrate that the AUD/JPY currency pair could end this week’s trading session with a decline.
