The AUD/JPY currency pair slipped below the 110.00 mark, trading around 109.70 in the early European session on Monday, according to FX Street.
This movement places the cross in negative territory as investors weigh market factors impacting both the Australian dollar and Japanese yen during the start of the week.
Given Japan’s ongoing sensitivity to currency fluctuations amid export-driven economic activity, such shifts in AUD/JPY are closely monitored by traders in the region.