CFD Trading Rate Australian Dollar vs Japanese Yen (AUDJPY)

• AUD/JPY strengthens as rising commodity prices, including gold, steel, and iron ore, support the Australian Dollar. 
• The AUD faced challenges after Trump decided to uphold a 25% tariff on Australian aluminum and steel exports.
• The BoJ is expected to leave interest rates unchanged next week while evaluating the risks of escalating US trade tensions.

AUD/JPY recoups recent losses from the prior session, trading around 93.30 during Asian hours on Friday. The Australian Dollar (AUD) finds support from rising commodity prices, including Gold, Steel, and Iron Ore, bolstering its strength against the Japanese Yen (JPY).

However, global trade tensions weigh on the AUD/JPY cross following US President Donald Trump’s decision to maintain a 25% tariff on Australian aluminum and steel exports, valued at nearly $1 billion. This move adds pressure to Australia’s trade outlook and key exports. Despite this, Australian Prime Minister Anthony Albanese confirmed that Australia will not impose retaliatory tariffs on the US, stating that such measures would increase costs for consumers and drive inflation higher.

Meanwhile, the Japanese Yen remains under pressure amid a cautious stance from the Bank of Japan (BoJ). The central bank is expected to keep interest rates unchanged next week while assessing the risks posed by escalating US trade tensions on Japan’s export-driven economy. The timing of the BoJ’s next rate hike remains uncertain, with policymakers monitoring global uncertainties.

“Japan’s economy and price developments appear stable, but external risks are growing,” a source familiar with BoJ discussions told Reuters. “Heightened global uncertainty could impact the BoJ’s rate hike plans,” echoed two additional sources.

Despite the recent pullback, the JPY remains near its strongest levels against its peers in months, supported by expectations of further BoJ rate hikes this year. Additionally, Japanese firms have agreed to substantial wage increases for the third consecutive year to help workers cope with inflation and address labor shortages. Higher wages are expected to boost consumer spending, fuel inflation, and provide the BoJ with greater flexibility for future rate hikes.

• AUD/JPY was seen trading around the 92.80 zone ahead of the Asian session, pulling back after two consecutive days of gains.
• Despite the decline, the pair remains above the 92.00 threshold, with technical indicators still in negative territory.
• Sideways trading could persist above 92.00 as the market awaits fresh momentum, with resistance at 93.50 and support at 92.00.

AUD/JPY fell on Thursday ahead of the Asian session, reversing some of the gains from earlier in the week. The pair dropped toward the 92.80 area, reflecting renewed bearish momentum after a brief period of buying pressure. While sellers regained control, the pair remains above the key 92.00 threshold, suggesting that a period of consolidation might be ahead.

Looking at technical indicators, the Relative Strength Index (RSI) is declining sharply within the negative zone, indicating weakening bullish strength. Meanwhile, the Moving Average Convergence Divergence (MACD) is printing decreasing red bars, reinforcing the view that downside pressure persists. However, the pair still trades within a broader range, limiting immediate downside risks.

For now, support remains firm at 92.00, a level that has provided a strong floor in recent sessions. A break below could accelerate bearish momentum toward 91.50. On the upside, resistance is seen around 93.50, where sellers have consistently stepped in. If AUD/JPY remains above 92.00, the pair could trade sideways in the near term before finding a clearer directional bias.

AUD/JPY daily chart

• AUD/JPY struggles to build on a two-day-old recovery momentum from a multi-month trough.
• BoJ rate hike bets and rising trade tensions benefit the safe-haven JPY and weigh on spot prices.
• The US-China trade war supports prospects for further losses amid a bearish technical setup.

The AUD/JPY cross attracts fresh selling in the vicinity of the 94.00 mark, or the weekly top touched earlier this Thursday, and extends its steady intraday descent through the first half of the European session. Spot prices slide below the 93.00 mark in the last hour and for now, seem to have stalled a two-day-old recovery from the lowest level since August 2024 touched on Tuesday. 

Against the backdrop of bets that the Bank of Japan (BoJ) will hike interest rates again, concerns about the potential economic fallout from US President Donald Trump's aggressive tariff policies boost demand for the safe-haven Japanese Yen (JPY). Apart from this, the risk of a further escalation of trade war between the US and China – the world's two largest economies – weighs on the Australian Dollar (AUD) and exerts additional pressure on the AUD/JPY cross. 

From a technical perspective, the recent repeated failures near the 50-day Simple Moving Average (SMA) and bearish oscillators on the daily chart suggest that the path of least resistance for spot prices remains to the downside. Hence, some follow-through weakness towards the 93.50 intermediate support, en route to the 92.00 mark and the 91.80 area or a multi-month low, looks like a distinct possibility amid bets that the Reserve Bank of Australia (RBA) will cut rates further. 

On the flip side, any meaningful recovery now seems to confront immediate resistance near the 93.70 region. This is followed by the weekly top, around the 94.00 mark, which if cleared decisively should pave the way for a further near-term appreciation. The AUD/JPY cross might then aim to surpass the monthly peak, around the 94.70-94.75 area, and reclaim the 95.00 psychological mark before climbing further towards the 96.00 neighborhood, or the 50-day SMA barrier.

The latter should act as a key pivotal point, which if cleared decisively might shift the near-term bias in favor of bullish traders and suggest that the AUD/JPY cross has formed a near-term bottom. This, in turn, would set the stage for a move towards the 96.65 intermediate resistance en route to the 97.00 round figure, the 97.75-97.80 region, and the 98.00 mark.

AUD/JPY daily chart

• AUD/JPY was seen trading around the 93.75 area ahead of the Asian session, posting a second consecutive day of gains.
• Indicators show signs of recovery, but the overall outlook remains uncertain as momentum is still in negative territory.

The AUD/JPY pair extended its recovery on Wednesday ahead of the Asian session, rising for the second straight day and trading near the 93.75 zone. Buyers are showing renewed interest after the recent downside, but the overall bias remains uncertain as indicators, while improving, continue to signal weakness.

Technically, the Relative Strength Index (RSI) is climbing sharply but remains in negative territory, indicating that bullish momentum is yet to fully establish. Similarly, the Moving Average Convergence Divergence (MACD) histogram is printing decreasing red bars, which suggests that selling pressure is fading, but further confirmation is needed for a sustained rebound.

Looking ahead, immediate resistance is seen near the 94.00 level, where a breakout could reinforce the short-term bullish outlook. On the downside, key support is found around 93.20, with a break below potentially triggering renewed selling pressure. If the pair manages to hold above this area, consolidation around current levels might be expected.

AUD/JPY daily chart

• AUD/JPY was seen trading around the 93.00 area ahead of the Asian session, recovering from a three-day losing streak.
• Despite the rebound, the pair remains below key resistance, while indicators continue to reflect underlying bearish pressure.

The AUD/JPY pair bounced back on Tuesday ahead of the Asian session, moving near the 93.00 zone after declining for three consecutive sessions. While the daily advance suggests some buying pressure, the broader technical picture remains uncertain as the pair struggles to hold above key resistance levels.

Technical indicators paint a mixed picture. The Relative Strength Index (RSI) has sharply risen but remains in negative territory, indicating that the recovery lacks strong bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is printing decreasing red bars, signaling that bearish momentum is easing but not entirely absent. This suggests that while selling pressure has subsided, buyers may still need to overcome key resistance before confirming a sustained recovery.

Looking at support and resistance levels, the first resistance lies around the 93.50 region, followed by stronger resistance at 94.00. A break above these levels could provide the bulls with further momentum. On the downside, immediate support is seen at 92.50, with a deeper floor around 92.00. The 20-day Simple Moving Average (SMA) at 95.00 remains a critical level for a broader trend shift.

AUD/JPY daily chart

• AUD/JPY loses traction to near 92.30 in Tuesday’s Asian session, down 0.18% on the day. 
• Japan’s GDP expanded an annualised 2.2% in Q4, slower than the 2.8% growth in the initial estimate. 
• Tariff threats and China’s deflationary pressure undermine the China-proxy Aussie.

The AUD/JPY trades in negative territory to around cross 92.30 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) due to the prevalent risk-off environment. 

Data released by the Cabinet Office on Tuesday showed that the Japanese economy grew by 0.6% QoQ in the fourth quarter (Q4) of 2024. This figure came in lower than the preliminary reading of 0.7%. On an annual basis, the Japan’s Gross Domestic Product (GDP) expanded 2.2% in Q4 versus the initial estimate of 2.8%. The data reaffirms market bets that the Bank of Japan will keep the policy rate steady at its next policy meeting on March 18-19. 

Analysts expect that the Bank of Japan (BoJ) will raise further interest rates as soon as May amid concerns about broadening inflation in Japan and hopes that bumper wage hikes seen last year will continue this year. This, in turn, might underpin the JPY and act as a headwind for AUD/JPY. 

On the other hand, the Aussie faces some challenges amid escalating global trade tensions and deflationary pressure in China, which might cap the upside for the pair. China's CPI in February missed expectations and fell at the sharpest pace since January 2024. The CPI fell 0.7% in February from a year earlier, reversing January's 0.5% increase, data from the National Bureau of Statistics (NBS) showed on Sunday. 

• AUD/JPY was seen trading near the 92.50 area ahead of the Asian session, extending its losing streak to three consecutive sessions.
• The pair continues to face downward pressure, struggling to hold above the 93.00 level as sellers dominate price action.
• Technical indicators suggest persistent bearish momentum, with the RSI approaching oversold conditions and the MACD showing weakening downside pressure.

The AUD/JPY pair extended its decline on Monday ahead of the Asian session, falling toward the 92.50 zone and marking a third straight day of losses. The downward momentum remains strong as the pair struggles to maintain levels above 93.00, with bearish sentiment prevailing in the short term. Risk-off flows and weak demand for the Australian Dollar continue to weigh on the pair.

From a technical perspective, the Relative Strength Index (RSI) is nearing oversold territory, currently declining sharply, which may suggest that further downside could be limited. Meanwhile, the Moving Average Convergence Divergence (MACD) is printing decreasing red bars, indicating that while bearish momentum persists, selling pressure could be moderating.

Key support levels to monitor include the 92.00 psychological area, which, if breached, could open the door for further declines toward the 91.50 zone. On the upside, the first resistance is seen around the 93.00 level, followed by stronger resistance at the 20-day Simple Moving Average (SMA) near 95.00.

AUD/JPY daily chart

• AUD/JPY struggled as the Bank of Japan is widely expected to raise rates further this year.
• The BoJ’s hawkish stance is reinforced by a 1.8% decline in real cash earnings, reflecting persistent inflation.
• The AUD found support from stronger-than-expected GDP growth and robust trade data from Australia.

AUD/JPY pares its daily losses, hovering around 93.30 during European trading hours on Monday. The currency cross faced pressure as the Bank of Japan (BoJ) is widely expected to hike rates further this year as part of its monetary policy normalization.

Investor expectations for another BoJ rate hike were reinforced by data released earlier on Monday, showing a 1.8% decline in real cash earnings due to persistent inflation. Additionally, optimism that last year’s substantial wage hikes will continue this year supports the case for further policy tightening. This has driven Japanese government bond (JGB) yields higher, narrowing the rate differential between Japan and other economies, and ultimately benefiting the lower-yielding JPY.

The Australian Dollar (AUD) received support from stronger-than-expected GDP growth and trade data from Australia released last week. On the monetary policy front, the latest Reserve Bank of Australia (RBA) Meeting Minutes indicated caution regarding further interest rate cuts, clarifying that February’s rate reduction does not signal a commitment to continued easing.

The AUD/JPY cross may face challenges as rising global trade tensions dampened investors’ risk appetite. China's retaliatory tariffs on certain US agricultural products went into effect on Monday, in response to last week's US tariff increase from 10% to 20% on Chinese imports, given China’s role as Australia’s largest trading partner.

Moreover, China announced on Saturday that it will impose a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, along with a 25% levy on aquatic products and pork from Canada. he move comes as retaliation against tariffs introduced by Canada in October, escalating trade tensions. This marks a new front in a broader trade conflict largely driven by US President Donald Trump's tariff policies.

• AUD/JPY moved lower ahead of the Asian session, extending its losing streak to two days and trading near the 93.00 area.
• Selling momentum appears to be fading, with technical indicators suggesting that bulls might attempt a rebound or initiate sideways movement.

The AUD/JPY pair experienced a second consecutive day of losses on Friday landing at around 93.30, as sellers maintained control and drove prices lower. Despite the bearish pressure, the downward momentum has shown signs of easing, hinting at a possible stabilization or even a near-term bounce.

The Relative Strength Index (RSI) remains in negative territory but is only mildly declining, suggesting that selling pressure may not be as intense as previous sessions. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to print decreasing red bars, indicating that downside momentum is losing steam. This technical setup could open the door for a potential recovery or at least a consolidation phase before the next directional move.

On the technical front, support is forming near the 92.80 zone, with a stronger floor at 92.50. The 20-day Simple Moving Average (SMA), located at 95.00, represents a major resistance point. A break above this level could shift the outlook in favor of buyers, while failure to regain ground may result in continued pressure toward the 92.00 handle.

AUD/JPY daily chart

AUD/JPY daily chart

• AUD/JPY tests the psychological support level at 93.00.
• The 14-day RSI remains above the 30 mark, reinforcing the prevailing bearish bias.
• The pair could test the primary barrier at the nine-day EMA of 93.78

AUD/JPY extends its losses for the second consecutive day, trading around 93.00 during Asian hours on Friday. A technical analysis of the daily chart shows that the currency cross remains within a descending channel, confirming a sustained bearish bias.

The 14-day Relative Strength Index (RSI) remains above the 30 level, reinforcing the ongoing bearish sentiment. A drop below 30 would signal an oversold condition, potentially triggering an upward correction. Additionally, the AUD/JPY cross continues to trade below the nine-day Exponential Moving Average (EMA), indicating weak short-term price momentum.

The AUD/JPY cross is testing the psychological support level at 93.00, followed by the lower boundary of the descending channel at 91.90. A decisive break below this channel could reinforce the bearish outlook, potentially driving the currency cross toward the 90.13 region—the lowest level since May 2023, last seen on August 5, 2024.

On the upside, the AUD/JPY cross faces initial resistance at the nine-day EMA of 93.78. A breakout above this level could improve short-term price momentum, potentially driving the currency cross toward the upper boundary of the descending channel at the psychological level of 95.50, followed by the 50-day EMA at 95.91.

AUD/JPY: Daily Chart

• AUD/JPY fell after a two-day winning streak, trading near the 93.60 zone ahead of the Asian session.
• While selling pressure resumed, the MACD indicates a decline in bearish momentum, leaving the short-term outlook uncertain.

The AUD/JPY pair retreated on Thursday ahead of the Asian session, giving up gains from the previous two sessions as sellers regained control. The pair moved lower toward the 93.60 region, reflecting renewed downside pressure, although technical indicators suggest the bearish bias could be losing steam.

The Relative Strength Index (RSI) remains in negative territory and is declining, confirming the downward movement. However, the Moving Average Convergence Divergence (MACD) indicator is printing decreasing red bars, hinting at fading selling pressure. This suggests that while bears remain active, the momentum could be softening, making the short-term outlook uncertain.

Looking at key levels, immediate support emerges near 93.50, with a break below this mark opening the door for a deeper decline toward 93.00. On the flip side, initial resistance is found at 94.00, followed by the 20-day Simple Moving Average (SMA) around 94.30, which could cap any recovery attempts.

AUD/JPY daily chart

• AUD/JPY edged higher ahead of the Asian session, stabilizing near the 94.00 zone after recent losses.
• Tuesday’s price action suggested that sellers hit a strong support area, paving the way for a potential consolidation.
• Key resistance aligns near 95.00, while support remains at the recent low around 93.60.

AUD/JPY showed signs of recovery on Wednesday, inching higher after a prolonged bearish run. The pair was last seen trading around the 94.50 region ahead of the Asian session, attempting to regain ground following a steep decline. Sellers dominated earlier sessions, but Tuesday’s price action indicated exhaustion as they failed to drive prices lower. This shift has given buyers an opportunity to step in, potentially setting up a consolidation phase.

Technical indicators reflect this transition. The Relative Strength Index (RSI) is rebounding sharply from negative territory, suggesting that selling momentum is easing. Meanwhile, the Moving Average Convergence Divergence (MACD) is still printing decreasing red bars, indicating that downside pressure remains but is gradually fading. If bullish momentum builds, a test of the 94.50-95.00 resistance could follow.

From a technical perspective, immediate resistance is seen near 95.00, aligning with a previous reaction zone. A breakout above this level could push the pair toward the 95.00 handle. On the downside, initial support is located around 93.60, with a move below this threshold potentially reigniting bearish pressure. However, given the signs of stabilization, the near-term outlook appears to favor sideways trading as the market digests recent losses.

AUD/JPY daily chart

• AUD/JPY could target the psychological support level at 93.00.
• The 14-day RSI is positioned above the 30 mark, reinforcing the prevailing bearish bias.
• The pair tests the primary barrier at the nine-day EMA of 93.95

AUD/JPY extends its gains for the second consecutive day, trading around 93.60 during Asian hours on Wednesday. However, a technical review of the daily chart reveals the pair remains within a descending channel, signaling a persistent bearish bias.

The 14-day Relative Strength Index (RSI) remains above the 30 level, reinforcing the prevailing bearish bias. Furthermore, the AUD/JPY cross continues to trade below the nine-day Exponential Moving Average (EMA), indicating weaker short-term price momentum.

The AUD/JPY cross may first test the psychological support level at 93.00, followed by the lower boundary of the descending channel at 92.00. A decisive break below this channel could strengthen the bearish bias, potentially pushing the pair toward the 90.13 region—the lowest level since May 2023, last observed on August 5, 2024.

On the upside, the AUD/JPY cross faces its first resistance at the nine-day EMA of 93.95. A breakout above this level could strengthen short-term price momentum, paving the way for a move toward the upper boundary of the descending channel at the psychological level of 96.00, followed by the 50-day EMA at 96.10.

AUD/JPY: Daily Chart

• AUD/JPY extended its decline ahead of the Asian session, trading near the 92.00 zone after a sharp drop.
• The pair fell to its lowest level since August 2024 but rebounded as sellers struggled to push further.
• Immediate resistance aligns near 92.60, while support remains at the recent low; indicators suggest possible consolidation.

AUD/JPY experienced a sharp drop on Tuesday, reaching its lowest level since August 2024 before bouncing back. The pair came under renewed selling pressure ahead of the Asian session but found strong support near the 92.00 region, leading to a mild recovery. Despite the brief bounce, bearish sentiment persists, with technical indicators still favoring downside risks.

The Relative Strength Index (RSI) continues to decline sharply within oversold territory, suggesting that sellers have dominated recent price action. Meanwhile, the Moving Average Convergence Divergence (MACD) prints decreasing red bars, signaling that selling momentum may be losing intensity. The latest price reaction hints at a possible consolidation phase, as sellers struggle to push lower.

Looking at support and resistance levels, immediate resistance stands near 92.60, followed by the 93.00 zone, which aligns with previous daily highs. On the downside, the recent low near 92.00 remains key support; a decisive break below this level could open the door for further losses. However, if consolidation takes hold, the pair may trade within a narrow range before its next directional move.

AUD/JPY daily chart

• AUD/JPY weakens amid growing concerns about a global tariff war.
• RBA’s February Meeting Minutes highlighted downside risks to the economy.
• Japan’s Unemployment Rate unexpectedly rose to 2.5% in January, from 2.4% prior.

AUD/JPY continues its decline, hovering around 92.80 during early European trading on Tuesday. The Australian Dollar (AUD) remains under pressure after the White House confirmed that US President Donald Trump signed an order raising tariffs on Chinese imports to 20%. Given China’s crucial role as Australia’s largest trading partner, any economic shifts in China could significantly impact the AUD. However, similar measures for Mexico and Canada have yet to be finalized.

Further weighing on the Aussie Dollar, the Reserve Bank of Australia’s (RBA) February Meeting Minutes highlighted downside risks to the economy. While the Board acknowledged labor market strength as a key reason to maintain interest rates, it noted that the current tightness was inconsistent with the central bank’s 2.5% inflation target. As a result, policymakers saw a stronger case for potential rate cuts.

On the economic data front, Australia’s Retail Sales rose 0.3% month-over-month in January, recovering from a 0.1% decline in December. However, the ANZ-Roy Morgan Australian Consumer Confidence Index fell to 87.7 from the previous week's 89.8, when it had reached its highest level since May 2022.

Despite AUD weakness, downside pressure on the AUD/JPY cross could be limited as the Japanese Yen (JPY) struggles after Japan’s Unemployment Rate unexpectedly rose from 2.4% to 2.5% in January, while corporate spending on plants and equipment declined by 0.2% in Q4.

Meanwhile, Japan’s Finance Minister, Katsunobu Kato, reaffirmed that the country is not actively seeking to devalue its currency, emphasizing Japan’s "basic stance on currency policy." Additionally, Economy Minister Ryosei Akazawa stated that government intervention in the currency market only occurs in response to "speculative" movements.

• AUD/JPY saw a choppy session, briefly rising to 94.00 before retreating back toward 93.00.
• The pair remains near its lowest levels since mid-September, with indicators suggesting potential consolidation.
• Key support holds around 93.00, while resistance at 94.00 remains a hurdle for bulls.

The AUD/JPY pair experienced a volatile trading session, initially climbing towards 94.00 before reversing and retreating back near 93.00. This price action highlights continued uncertainty in the market, with sellers stepping in at higher levels to cap bullish attempts. Despite the intraday fluctuations, the pair remains near multi-month lows, suggesting that bearish sentiment still lingers.

From a technical standpoint, the Relative Strength Index (RSI) remains in a near-oversold zone, reflecting weak upside momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram prints flat red bars, signaling a pause in selling pressure but no decisive shift toward bullish control.

Looking ahead, the pair is currently testing support around 93.00, a key level that has held so far. A break below this area could intensify losses, exposing 92.50 as the next downside target. On the upside, resistance at 94.00 continues to limit bullish advances. A decisive push above this level could encourage buyers and open the door toward 94.50.

AUD/JPY daily chart

• AUD/JPY declines as the Japanese Yen stays strong amid expectations of further interest rate hikes by the BoJ.
• Japan’s Atsushi Mimura noted that both large corporations and small to medium-sized businesses anticipate significant wage increases.
• The Australian Dollar found support following the release of Australia’s TD-MI Inflation Gauge and stronger-than-expected China Manufacturing PMI data.

AUD/JPY depreciates to near 93.00 during European hours on Monday. The currency cross weakens as the Japanese Yen (JPY) remains firm amid expectations that the Bank of Japan (BoJ) will continue raising interest rates. This sentiment is reinforced by a rise in Japan’s 10-year government bond yield, which increased by 3 basis points to 1.4%.

Japan’s Vice Finance Minister for International Affairs, Atsushi Mimura, stated on Monday that not only large firms but also small and medium-sized businesses anticipate strong wage hikes. Despite this, real private consumption in Japan remains below pre-Covid levels, though corporate investment and inbound tourism continue to show strength.

Last week, BoJ Governor Kazuo Ueda cautioned that uncertainty surrounding US President Donald Trump’s potential tariff policies could impact the global economic outlook, requiring careful monetary policy adjustments.

Meanwhile, the Australian Dollar (AUD) found support from positive Chinese economic data. China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) rose to 50.8 in February from 50.1 in January, surpassing market expectations of 50.3. Given China's importance as a key trading partner, this boost in manufacturing activity supported the AUD.

In Australia, TD-MI Inflation Gauge declined by 0.2% month-over-month in February, reversing a 0.1% increase in January. This marked the first drop since last August and followed the Reserve Bank of Australia's (RBA) decision to cut its cash rate by 25 basis points to 4.1% in its first monetary policy meeting of the year, signaling continued easing in inflation. However, on an annual basis, inflation rose by 2.2%, slightly lower than the previous 2.3% increase.

• AUD/JPY could target the lower boundary of the descending channel after a successful break below the 93.00 level.
• The 14-day RSI is positioned on the 30 mark, signaling an oversold condition and suggesting a potential upward correction.
• The pair could find the primary barrier at the nine-day EMA of 94.46.

AUD/JPY remains tepid for the fourth successive session, trading around 93.00 during the Asian hours on Friday. A review of the daily chart shows the currency cross moving downwards within a descending channel pattern, indicating the strengthening bearish bias.

The 14-day Relative Strength Index (RSI) sits at the 30 level, signaling an oversold condition and a potential upward correction in the near term. Additionally, the AUD/JPY cross remains below the nine-day Exponential Moving Average (EMA), highlighting weak short-term price momentum.

The AUD/JPY cross tests the immediate support at the 93.00 level, followed by the lower boundary of the descending channel at 92.50. A break below the channel could reinforce the bearish bias and put downward pressure on the currency cross to navigate the region around 90.13, the lowest since May 2023, last seen on August 5, 2024.

On the upside, the AUD/JPY cross could target the primary barrier at the nine-day EMA of 94.46. A break above this level could improve the short-term price momentum and support the pair to approach the upper boundary of the descending channel at the psychological level of 96.00, followed by the 50-day EMA at 96.45.

AUD/JPY: Daily Chart

• AUD/JPY posts a three-day losing streak, trading near its lowest levels since mid-September.
• RSI continues to decline, nearing oversold territory, signaling persistent downside pressure.
• MACD histogram prints rising red bars, reflecting strengthening bearish momentum.

AUD/JPY extended its downward trajectory on Thursday, marking a third consecutive day of losses and trading around its lowest levels since mid-September. The pair remains under pressure, with sellers firmly in control after breaching key support levels. The broader technical structure suggests that bearish forces could continue to dominate in the near term.

Technical indicators reinforce the prevailing downtrend. The Relative Strength Index (RSI) is steadily declining and is now hovering near oversold territory, indicating that downside momentum remains intact. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows rising red bars, further highlighting increasing bearish sentiment.

Looking ahead, key support is seen around 93.30, a level that previously acted as a floor in September. A break below this could open the door toward 93.00. On the upside, initial resistance stands at 95.50, aligning with the 20-day Simple Moving Average (SMA), followed by a more significant barrier at 96.00. A recovery above these levels would be needed to shift the bearish outlook.

AUD/JPY daily chart