Since July 15, the Australian Dollar has depreciated about 5.71% in value against the Japanese Yen. The 50-day simple moving average provided resistance for the currency pair at 75.72.
Most likely, the exchange rate could make a pullback during the following trading sessions. Bullish traders might aim for a resistance cluster formed by the 50-day SMA and the monthly pivot point at 75.04.
However, technical indicators demonstrate that the AUD/JPY currency exchange rate would continue its southern movement in the nearest future.
