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The AUD/JPY reverses its course late in the North American session amid an upbeat market mood, which usually underpins risk-perceived currencies like the Aussie Dollar’s (AUD).

The EUR/JPY retreated by 0.14% on Monday, still meandering at around the 7-week high hit last week at around 161.86, as buyers cling to the 161.00 figure amid a risk-on environment.

The CAD/JPY pair extended its three-day rally sponsored by upbeat market sentiment, as traders seeking risk underpin US equities while the safe-haven Japanese Yen (JPY) tumbles across the board.

The EUR/JPY cross gathers strength above the mid-161.00s during the early European session on Friday.

EUR/GBP rebounds from January’s low at 0.8555 marked on Thursday.

AUD/JPY extends its gains for the second straight session, improving to near 97.10 during the Asian trading hours on Thursday.

Hawkish bets on the Bank of England (BoE) are pressuring the EUR/GBP pair, trading at a round level of approximately 0.8560, resulting in losses in Thursday's session.

The Aussie Dollar (AUD) extended its gains against the Japanese Yen (JPY) for the second straight day as risk appetite improved, although soft jobs data from Australia might deter the Reserve Bank of Australia (RBA) from tightening monetary policy.

In Thursday's session, the EUR/JPY recorded slight losses, settling at 160.86 after a peak at 161.40, its highest since early December.

The AUD/JPY printed modest losses on Tuesday, as risk appetite took its toll as worldwide central bank policymakers pushed back against rate cut expectations.