AUD/JPY hits fresh record highs above 110.00

💡 DMK Insight

AUD/JPY’s rally to around 110.00 is more than just a number—it’s a signal of shifting market sentiment. This pair’s upward momentum over three consecutive sessions suggests a growing risk appetite among traders, likely fueled by recent positive economic data from Australia and a stable outlook for the Japanese economy. For day traders, this could mean a potential breakout above 110.50, which has been a key resistance level in the past. If that happens, we might see a surge in buying interest, pushing the pair even higher. However, keep an eye on the broader market context; any unexpected shifts in global risk sentiment or economic indicators could quickly reverse this trend. On the flip side, if AUD/JPY fails to hold above 110.00, it could trigger profit-taking and a pullback towards 109.50. Watch for any news from the Reserve Bank of Australia or geopolitical developments that might impact this pair’s trajectory in the coming days.