AUD/JPY Price Analysis: Climbs above 97.00 on risk appetite improvement, buyers eye 98.00

Share:

• AUD/JPY climbs to 97.27, fueled by positive risk appetite, despite Australia’s weak jobs report.
• Bullish technical outlook as pair surpasses Ichimoku Cloud, aiming for 97.79 resistance.
• Downside risks for AUD/JPY below 97.00, with supports at 96.64, 96.58, and critical 96.00 level.

The Aussie Dollar (AUD) extended its gains against the Japanese Yen (JPY) for the second straight day as risk appetite improved, although soft jobs data from Australia might deter the Reserve Bank of Australia (RBA) from tightening monetary policy. At the time of writing, the AUD/JPY trades at 97.27, up 0.25%, on the day.