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AUD/JPY. Analysis and Forecast
At the start of the new
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At the start of the new week, the AUD/JPY pair opened with a bullish gap, partially offsetting Friday's decline of more than 250 points.Domestic political instability in Japan is undermining the yen's status as a safe-haven asset and has become an important factor driving the pair higher. The Komeito Party has ended its 26-year coalition with the ruling Liberal Democratic Party (LDP), jeopardizing Sanae Takaichi's ambitions to become Japan's first female prime minister. This adds uncertainty and could delay the
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Irina Yanina,
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