AUD/JPY drifts lower on Tuesday in reaction to dovish-sounding RBA meeting Minutes. The technical setup favors bears and supports prospects for a further depreciating move. A broadly weaker could offer some support to spot prices and help limit deeper losses. The AUD/JPY cross attracted some sellers after the Reserve Bank of Australia (RBA) meeting Minutes…
AUD/JPY was seen near the 94.30 zone on Friday ahead of the Asian session, retreating toward the lower end of its daily range. Despite mixed signals from oscillators, moving averages tilt the broader technical bias to the downside. Support lies near 94.00 and 93.88, while resistance is seen just above 94.40; indicators remain conflicted with…
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…
AUD/JPY may weaken as the Japanese Yen finds support from the Bank of Japan’s hawkish policy outlook. The Australian Dollar declines after Thursday’s disappointing Private Capital Expenditure data. RBA Deputy Governor Andrew Hauser highlighted that Australia’s tight labor market remains a challenge for managing inflation. AUD/JPY holds gains after two consecutive sessions of losses, trading…
AUD/JPY rose as Australia Composite PMI revised upward to 50.2 in December, from the previous reading of 49.9. The Caixin China Services PMI increased to 52.2 in December, up from the previous reading of 51.5. Japan’s composite and services PMIs for December were revised downward, bolstering a dovish stance on the BoJ policy outlook. AUD/JPY…
The currency pair is ascending to the upper resistance levels.The bulls remain dominant. AUDJPY Weekly Price Analysis – December 15 The AUDJPY pair ascends to the upper resistance level as it faces increased buying pressure. The Yen could continue to rise upward if it breaks up the $109.15 resistance value and the daily candle closes…
AUD/JPY gains ground due to increased uncertainty surrounding the BoJ policy outlook. The AUD appreciated as the RBA Meeting Minutes emphasized the importance of maintaining a restrictive monetary policy. The risk-sensitive AUD could have faced challenges due to the escalating Russia-Ukraine conflict. AUD/JPY extends its winning streak for the third successive session, trading around 101.20…
The AUDJPY market price might remain upward.The bulls could be dominating the market soon. AUDJPY Weekly Price Analysis – November 3 The AUDJPY market price might remain in an upward trend, as it is on the daily chart. Should the bulls prove stronger and the Yen price sustain above the $109.15 high level, the potential…
AUDJPY’s bullish trend might continue.The bulls remain dominant. AUDJPY Weekly Price Analysis – September 29 AUDJPY’s bullish trend might continue as the Yen market structure portrays a bullish trend. The yen price may see a bullish continuation if the actions of the bulls increase. The currency pair might continue its upside move to hit the…
AUDJPY’s price anticipates a bullish reversal at the $95.53 current support.The bulls may commence the uptick trend and take charge of the market soon. AUDJPY Weekly Price Analysis – September 8 AUDJPY price anticipates a bullish reversal as the current selling pressure may end soon and the Yen price could be ready for an upward…