AUD Weakens Against JPY Following Soft Australian Labor Data

Key Facts

1The AUD/JPY cross extended losses for a second day, trading around 109.60 during Asian hours.

2The decline in the Australian Dollar was driven by the release of weaker-than-expected domestic labor market data.

The AUD/JPY cross extended losses for a second day, trading around 109.60 during Asian hours. FXStreet reported that the decline in the Australian Dollar was driven by the release of domestic labor market data that missed consensus estimates.

The weakness in the Australian Dollar follows employment figures that suggest a potential cooling in the economy, which may influence the Reserve Bank of Australia's interest rate trajectory. This data contrasts with the Yen's appeal, while business confidence in Australia was reported at -13 on October 13, 2026.