- AUD/JPY resumes uptrend, trading near Thursday's highs, with a 2.29% rally since Monday.
- Buyers aim to challenge the YTD high 97.67, with first resistance levels at 97.00 and June 20 high at 97.41.
- If sellers push prices toward Tenkan-Sen at 95.58, AUD/JPY could turn neutral, exposing the bottom of Ichimoku Cloud at 94.33.
the AUD/JPY appears to have resumed its uptrend, though it remains below the year-to-date (YTD) high of 97.67. Still, it’s exchanging hands at around Thursday’s highs as buyers stepped into the market. However, as the Asian session begins, the pair trades at 9674, almost flat.
Since Monday, the AUD/JPY has rallied 2.29%, breaking on its way north, crucial resistance levels, lie at the 96.00 figure, and the psychological 96.50 area. Nevertheless, the rally was caped on September 29 high at 96.92. It should be said that if buyers would like to challenge the YTD high, first, they need to conquer 97.00, followed by the June 20 high at 97.41, which, once cleared, would expose the aforementioned YTD high.
On the other hand, the AUD/JPY could turn neutral if sellers push prices toward the Tenkan-Sen at 95.58, followed by the Kijun-Sen at 94.97. That would drag prices inside the Ichimoku Cloud (Kumo), exposing the bottom of the latter at 94.33.
AUD/JPY Price Chart – Daily
AUD/JPY Key Technical Level
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD side-lines near 0.6200 as traders await US NFP report
AUD/USD consolidates near 0.6200 early Friday, just above its lowest level since October 2022 as traders move to the sidelines ahead of Friday's closely-watched US NFP data releae. Meanwhile, rising bets for an early RBA rate cut, China's economic woes and US-Sino trade war fears act as a headwind for the Aussie.
USD/JPY bulls take a breather above 158.00 ahead of US NFP
USD/JPY takes a breather above 158.00 following the release of household spending data from Japan, slightly off the multi-month top amid wavering BoJ rate hike expectations. However, the widening of the US-Japan yield differential keeps the pair supported amid a bullish US Dollar. US NFP data awaited.
Gold price consolidates below multi-week top; looks to US NFP for fresh impetus
Gold price enters a bullish consolidation phase below a four-week top touched on Thursday as bulls await the US NFP report before placing fresh bets. In the meantime, geopolitical risks, trade war fears and a weaker risk tone might continue to act as a tailwind for the safe-haven XAU/USD.
Ripple's XRP plunges over 4% following funding rates decline
Ripple's XRP declined 4% on Friday following a decline in its funding rates. The remittance-based token could decline to test the $2.17 support level if the crypto market decline extends.
How to trade NFP, one of the most volatile events Premium
NFP is the acronym for Nonfarm Payrolls, arguably the most important economic data release in the world. The indicator, which provides a comprehensive snapshot of the health of the US labor market, is typically published on the first Friday of each month.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.