- AUD/JPY has climbed for two-straight days after the Bank of Japan (BoJ) intervention and is up by 0.87% in the week.
- The AUD/JPY daily chart is upward-biased, and if it clears 95.44, a retest of 96.40 is on the cards, ahead f the YTD high at 98.60.
The AUD/JPY rebounded at the 50-day Exponential Moving Average (EMA) and rose to Wednesday’s daily high at 95.44 before trimming some gains. However, the cross-currency finished the day with a half-percentage point gain. As the Thursday Asian Pacific session begins, the AUD/JPY is trading at 95.03, flat.
AUD/JPY Price Analysis: Technical outlook
The AUD/JPY daily chart delineates the pair trading upwards, as the upward bias remains intact. Worth noticing that on its way toward 95.00, the cross-currency pair cleared the 50-day EMA, shifting the bias from neutral-upwards to upwards, opening the door for further gains. Also, the Relative Strength Index (RSI) is in bullish territory, and the slope turned flat, meaning that the AUD/JPY might consolidate before resuming the ongoing uptrend.
Upwards, the AUD/JPY’s first resistance would be October’s 26 daily high at 95.44, followed by the 96.00 figure, and the September 22 daily high at 96.40. Conversely, the AUD/JPY’s first support would be the 50-day EMA at 94.64. A breach of the latter will send the cross sliding towards the 100-day EMA at 94.17, followed by the 20-day EMA at 93.45.
AUD/JPY Key Technical Levels
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: Momentum favours further gains
In line with the broad recovery in the risk-linked complex, AUD/USD left behind a two-day negative streak and resumed its uptrend towards the 0.6400 region, always on the back of the resurgence of quite a strong downside pressure hitting the US Dollar on Thursday.
EUR/USD: Extra advances appear in the pipeline Premium
EUR/USD followed the widespread improved sentiment in the risk-linked galaxy and managed to set aside two daily drops in a row and refocus on the upper end of its recent range around the 1.1400 zone on Thursday.
Gold sticks to the bullish stance near $3,330
On Thursday, gold regained lost ground after two consecutive days of declines, with XAU/USD climbing back toward $3,300 per troy ounce following an earlier rally to roughly $3,370. The metal drew safe-haven buying as renewed fears of a US–China trade flare-up weighed on broader markets.
Crypto Today: SUI and Trump token in profit, BTC price fails $95K test amid rumours of lower China tariff
The cryptocurrency market capitalization dips below $3 trillion on Thursday, retreating 3.5% from the 50-day peak of $3.2 trillion recorded earlier this week.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.