The Australian Dollar has surged by 3.62% against the Japanese Yen since the middle of August. The AUD/JPY currency pair hit 2020 high level at 78.48 on August 31.
All things being equal, the exchange rate could continue to trend bullish during the following trading sessions. The next target for Bullish traders would be at the 79.50 level.
However, the weekly resistance level at 78.48 could provide resistance for the currency exchange rate within this week’s trading sessions.
