The Australian Dollar has edged higher by 2.17% against the Japanese Yen since April 25. The currency pair tested the 85.00 level during the Asian session on Friday.
As for the near future, the AUD/JPY exchange rate is likely to continue to trend bullish. Bullish traders could target the 86.00 area within the following trading sessions.
However, the weekly resistance level at 85.04 could provide resistance for the currency exchange rate during the following trading sessions.
