AUD/JPY Price Forecast: Gains ground, maintaining bullish bias above 100-day EMA
AUD/JPY Price Forecast: Drifts higher above 114.00, bullish bias prevails
AUD/JPY holds losses near 114.50 after Australian CPI inflation data
AUD/JPY holds losses below 114.50 as BoJ keeps rate steady at 0.75%
AUDJPY currency pair recently reversed up from the support level 113.60 (former resistance from the start of March, acting as the support after it was broken earlier this month).
The Japanese yen remains on the back foot into today's Bank of Japan meeting, with policy divergence and persistent carry demand continuing to weigh on the currency. While the BOJ is widely expected to hold rates steady, markets remain focused on guidance — and whether officials signal any willingness to tighten policy in the near term.
Japanese yen on the back foot on Monday, as trader asses the situation that the Bank of Japan in currently in.
AUD/JPY gathers strength above 114.00 on Iran truce proposal
AUD/JPY is setting up for a potential upside breakout toward 120 psychological level, with the next move likely to be decided by a high-stakes combination of BoJ policy and Australian inflation data. Today's bounce suggests the cross may be preparing to resume its longer-term uptrend, but confirmation now hinges on how these two key catalysts unfold.
AUD/JPY Price Forecast: Softens below 114.00, but uptrend holds above 100-day EMA
USD/JPY remains arguably the cleanest read on shifting sentiment towards the prospects for a lasting peace in the Middle East, with the incredibly tight linkage to US yields and yield spreads over the past week looking almost entirely explained by fluctuations in crude oil futures. Where they move, yields and spreads have tended to follow.
AUD/JPY holds gains above 114.00 following news of easing US Strait blockade