AUD/JPY picks up bids from intraday low after China’s mixed inflation data. Overbought RSI, failure to rebound from April’s top favor sellers. Ascending trend line from late March, 92.20-10 support confluence act as extra filters. AUD/JPY licks its wounds around 95.25 after posting the biggest daily fall in three weeks. The cross-currency pair’s latest rebound … Read more
AUD/JPY pauses seven-day uptrend around the highest levels since 2015. Overbought RSI, nearness to the bullish channel’s resistance challenge further upside. Sellers need clear break of 94.70 for entry. AUD/JPY retreats to 96.00, after refreshing a seven-year high the previous day, as buyers take a breather inside the weekly ascending channel during Wednesday’s Asian session. … Read more
The price is running into monthly resistance but prior highs near 102.80 will be eyed if the bulls stay with the course. The yen is suffering a central bank diversion blow and a potential paradigm shift. At 95.89, AUD/JPY is strong and rising over 1% on the day following a surprise move and hawkishness from … Read more
AUD/JPY awaits the outcome of the confidence vote of UK PM. The RBA will be the next major events for the cross. At 94.83, AUD/JPY is higher on the day as risk sentiment largely stays on positive ground. The focus for the near term will also be on the Reserve Bank of Australia. AUD/JPY is … Read more
AUD/JPY is scaling lower towards 94.00 as the release of the PMI data advocated long-liquidations. The anxiety over the interest rate decision by the RBA has inserted volatility into the counter. A rate hike by 25 bps is expected from the RBA next week. The AUD/JPY pair has witnessed selling pressure after failing to sustain … Read more
The AUD/JPY begins the week on the right foot, gaining 0.97%. Risk-on market mood and China’s possible lockdowns lifting, cheered by investors. AUD/JPY Price Forecast: To remain upward biased, but struggling around 92.00, might open the door for a pullback towards 90.00. The Australian dollar is extending its rally for the third consecutive day as … Read more
The AUD/JPY is recording gains of 0.17% during the week. Despite an upbeat market sentiment, the AUD/JPY failed to break above crucial resistance above 91.72. AUD/JPY Price Forecast: Range-bound in a congestion area, preceded by an uptrend; an upward break looms. The AUD/JPY barely moves as the Asian Pacific session begins, though on Thursday ended … Read more
AUD/JPY extends pullback from daily top, reverses the previous day’s bounce off weekly low. Australia’s Q1 Private Capital Expenditure disappoints, cautious optimism in the market puts a floor under the prices. Fed Minutes renew market’s optimism but headlines from China, Ukraine test the bulls. AUD/JPY takes offers to renew intraday low around 90.10, reversing the … Read more