AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA
The AUD/JPY cross gains ground to around 113.80 during the early European trading hours on Monday. Hopes of a deal to reopen the Strait of Hormuz buoyed risk appetite, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY). 
  • AUD/JPY strengthens to near 113.80 in Monday’s early European session. 
  • The cross keeps a constructive bias above the 100-day EMA.  
  • The immediate resistance level emerges at 114.72; the initial support level to watch is 113.65. 

The AUD/JPY cross gains ground to around 113.80 during the early European trading hours on Monday. Hopes of a deal to reopen the Strait of Hormuz buoyed risk appetite, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY). 

The United States (US) and Iran signaled progress in efforts to resolve the conflict, but key details of a framework agreement are still under negotiation, and a US official said it could take a few more days to finalize. However, US President Donald Trump stated that a deal is close, but the US blockade on Iranian ships in the Strait of Hormuz would “remain in full force” until an agreement was signed. 

On the other hand, markets slash the chance of more interest rate hikes from the Reserve Bank of Australia (RBA) after a surprise rise in the jobless rate. This, in turn, might cap the upside for the Aussie. Unemployment Rate in Australia climbed to 4.5% in April, up from 4.3% in March. This figure registered the highest in about four and a half years. 

The odds of a rate hike at the RBA's next meeting dropped to just 3%, from 13% before the release of the employment report, according to financial market pricing provided by Westpac.

Chart Analysis AUD/JPY

Technical Analysis:

In the daily chart, AUD/JPY maintains a constructive bullish bias as the spot holds above the Bollinger middle band and the 100-day moving average. The Relative Strength Index (14) hovers near 54, suggesting steady but tempered upside momentum rather than a blow-off phase.

On the topside, immediate resistance is aligned with the upper Bollinger band at 114.72, where a clear break would open the door to further gains within the broader uptrend. On the downside, initial support is seen at the day’s open pivot around the Bollinger middle band at 113.65, followed by the lower band near 112.53. Deeper pullbacks would likely lean on the 100-day moving average around 110.80 to preserve the broader bullish structure.

(The technical analysis of this story was written with the help of an AI tool.)

Japanese Yen FAQs

The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.

One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.

Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.

The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

يعتمد أكثر من مليون مستخدم على FXStreet للحصول على بيانات سوقية لحظية، وأدوات رسوم بيانية، ورؤى خبراء، وأخبار الفوركس. يساعد تقويمهم الاقتصادي الشامل والندوات التعليمية عبر الويب المتداولين على البقاء على اطلاع واتخاذ قرارات محسوبة. لدى FXStreet فريق يضم حوالي 60 محترفًا موزعين بين مقر برشلونة ومناطق عالمية مختلفة.
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كل شيء عن TECHNICAL

استكشف المزيد من الأدوات
أكاديمية التداول
تصفح مجموعة واسعة من المقالات التعليمية التي تغطي استراتيجيات التداول ورؤى السوق والأساسيات المالية، كل ذلك في مكان واحد.
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الدورات
استكشف دورات التداول المنظمة المصممة لدعم نموك في كل مرحلة من مراحل رحلة التداول الخاصة بك.
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الندوة الإلكترونية
انضم إلى الندوات الإلكترونية المباشرة وحسب الطلب للحصول على رؤى السوق في الوقت الفعلي واستراتيجيات التداول من خبراء الصناعة.
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