The Australian Dollar has depreciated about 2.12% in value against the Japanese Yen since November 8. However, the currency pair made an upward movement during this week’s trading sessions.
Currently, the exchange rate is trading between the 50-, 100– and 200– period simple moving averages.
Technical indicators suggest that the currency exchange rate might edge lower within the following trading sessions.
Although, bullish traders could try and drive the price towards the 75.04 area in the nearest future.
