The Australian Dollar has appreciated about 2.71% in value against the Japanese Yen since March 25. The currency pair reached March 5 swing high of 79.71 during Tuesday’s trading session.
Currently, the exchange rate is gradually regaining some of its lost points and aiming for the upper boundary of a medium-term ascending channel pattern at the 80.00 area.
However, the weekly R1 at 79.71 could hinder the currency exchange rate from reaching the forecast.
Although, technical indicators suggest that the AUD/JPY currency pair will end this week’s trading session with an upside momentum
