AUD/JPY falls below 94.00 as bears dominate

The AUD/JPY currency pair has seen a decline, falling below the important level of 94.00. This drop signals increasing selling activity. It is the second day in a row that the pair has lost ground. Analysts are watching for support around the 93.20 level. If the pair falls below this point, it could decline further to about 92.50. On the other hand, if the pair rebounds, traders will look for resistance at 94.50 and then at 95.00. Technical indicators suggest that more weakness may be ahead for AUD/JPY. Investors are advised to conduct their own research before making trading decisions. The market can be unpredictable and involves risks, including the potential loss of funds. The information here is not meant as investment advice. The author has no financial connection to any companies mentioned in this analysis.