AUD/JPY rises to near 110.00 as Middle East tensions de-escalate
AUD/JPY steadies near 109.50 following China's PMI, Japan's CPI data
AUD/JPY holds losses below 110.00 due to potential for Japan's FX intervention
AUD/JPY Price Forecast: Rebounds from 110.00 near lower descending channel boundary
AUD/JPY's selloff is accelerating as renewed risk aversion combines with a growing “stagflation trap” that is undermining the Reserve Bank of Australia's hawkish outlook. While markets still price around a 72% chance of a May rate hike, surging energy and fertilizer costs are increasingly seen as a drag on growth rather than a simple inflation boost.
Japanese yen pairs are approaching key inflection points, with USD/JPY capped below 160, GBP/JPY testing resistance near 213, and AUD/JPY rolling over towards support. While the broader bias still leans bullish for yen crosses, near-term price action suggests traders may first need to navigate a period of consolidation or pullback before the next directional move unfolds.
AUD/JPY stays near 111.00 as RBA Kent's comments support Australian Dollar
AUD/JPY Price Forecast: Softens below 111.00, but mildly bullish tone prevails
AUD/JPY Price Forecast: Falls to near 111.00 near lower ascending channel boundary
AUD/JPY falls to near 110.50 following Israeli strikes on Tehran
The Middle East war initially favoured AUD/JPY but the market sentiment is shifting as the war continues, with investors prioritising safety.
AUD/JPY trades above 111.50 after paring recent losses