AUD/JPY tips into fresh fifteen-year high, heading for 99.00

The AUD/JPY tested into a fresh fifteen-year high On Wednesday as the Yen continues to deflate.
Japan GDP declined past forecasts, contraction on the cards for Japanese economy.
Australian wages data came in at expectations, stabilizing the Aussie.

Joshua Gibson FXStreet

The AUD/JPY tested into its highest bids in fifteen years on Wednesday, driven by a floundering Yen (JPY) that continues to shed value across the board.

Australian Wage Price Index figures for the third quarter printed exactly as expected at 1.3%, while the previous quarter was revised upwards from 0.8% to 0.9%.

Australian wage growth has seen some acceleration, and the Aussie (AUD) can expect to see some chart support as the Reserve Bank of Australia (RBA) continues to face down inflationary pressures that could necessitate further rate hikes down the road.

Early Wednesday also saw Japanese Gross Domestic Product (GDP) numbers for the third quarter, which printed at -0.5%, missing the forecast -0.1% and falling well away from the previous quarter's 1.2% showing.

Growth appears to be declining at an accelerating rate in Japan, adding weight to the Bank of Japan's (BoJ) hyper-dovish stance.

AUD/JPY Technical Outlook

The AUD/JPY is testing the waters near 98.50 after a brief test of fifteen-year highs, and the slumping Yen is down almost 15% against the Aussie from 2023's low bids near 86.00.

Daily candlesticks are pulling firmly away from technical levels, accelerating topside gains from the 50-day Simple Moving Average (SMA) near 95.50, and last week's swing low into 96.00 represents the immediate floor for any downturns.

AUD/JPY Daily Chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price	98.5
Today Daily Change	0.72
Today Daily Change %	0.74
Today daily open	97.78

Trends
Daily SMA20	95.95
Daily SMA50	95.37
Daily SMA100	94.95
Daily SMA200	93.05

Levels
Previous Daily High	97.94
Previous Daily Low	96.48
Previous Weekly High	97.6
Previous Weekly Low	96.04
Previous Monthly High	96.42
Previous Monthly Low	93.05
Daily Fibonacci 38.2%	97.38
Daily Fibonacci 61.8%	97.04
Daily Pivot Point S1	96.86
Daily Pivot Point S2	95.94
Daily Pivot Point S3	95.4
Daily Pivot Point R1	98.32
Daily Pivot Point R2	98.86
Daily Pivot Point R3	99.78

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

EUR/USD slumps below 1.1800 on hawkish Fed Minutes, eyes on ECB succession

The EUR/USD pair tumbles to a near two-week low around 1.1785 during the early Asian session on Thursday. The US Dollar strengthens against the Euro on hawkish FOMC minutes that revived speculation about potential interest rate hikes if inflation remains elevated.

GBP/USD extends decline as weak jobs data bolsters BoE rate cut bets

The Pound Sterling continued to backslide under sustained pressure on Wednesday, following through after the UK employment report on Tuesday showed a labour market deteriorating faster than expected.

Gold consolidates the rebound below $5,000, US data eyed

Gold price consolidates the previous rebound below $5,000 in the Asian session on Thursday. The precious metal recovered on Wednesday amid shifts in geopolitical sentiment, boosting safe-haven demand. Traders will keep an eye on the release of US Initial Jobless Claims, Pending Home Sales data, and the Fedspeak later on Thursday.

Bitcoin approaches a critical zone: Bear pennant projects $56,000

Based on the most recent analyses from February 2026, the short answer is that it is highly unlikely that Bitcoin will reach $100,000 this month.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.