The currency pair climbs to 113.35 amid optimism over a potential US-Iran peace deal supporting risk assets.
The AUD/JPY cross advanced above 113.00, trading at 113.35 in early European trading on Monday. The move reflects broader risk-on sentiment driven by reports of a potential US-Iran peace agreement, bolstering higher-yielding assets like the Australian Dollar.
Prior to this session, the pair had struggled to sustain gains above 113.00, with recent volatility tied to geopolitical developments and shifts in risk appetite. The Japanese Yen, often sought as a safe-haven asset, has faced pressure as investors pivot toward riskier currencies.
No immediate market reaction data was provided, but the positive tone suggests continued support for the AUD in the near term.