The Australian dollar (AUD) was stable around 95.50 yen, but then fell after news that the U.S. and South Korea discussed currencies in their trade talks. This caused the Japanese yen to get stronger, and the AUD/JPY dropped to around 94.50 yen.
Later, the Australian dollar became even weaker against the U.S. dollar, and AUD/JPY went down to 94.18 yen in the New York market.
Today, Australia will release its April employment data. Depending on the results, there may be more worry about the Australian economy.
If concerns increase, the price might fall to around the low 93 yen range, which is the level before it rose due to progress in U.S.-China trade talks and election results.
Expected Price Range for AUD/JPY: 93.50 yen – 95.00 yen
Note: The above content does not guarantee profits. Please make your own decisions when trading.