AUD/JPY Down 1.29% Amid Ongoing Seller Pressure

The Australian Dollar (AUD) against the Japanese Yen (JPY) has experienced a decline of 1.29% today, influenced by persistent downside momentum and seller pressure in trading.

This weakness is reinforced by the pair's position below its short- and medium-term moving averages, namely the 20-day and 50-day moving averages.

The long-term trend remains intact above the 200-day moving average, indicating that despite the current selling pressure, the overall structure of the trade is still bullish.