What's driving Australian Dollar vs Yen lower today?

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Australian dollar vs yen slides 0.70% today

Highlights

AUD/JPY trades below key short-, medium- and long-term moving averages, indicating a persistent bearish trend across timeframes.
Bearish momentum is confirmed by weak MACD, ADX, RSI, CCI and Awesome Oscillator readings, with intraday action dominated by sellers and the pair near its daily low.
In the next five days, AUD/JPY is forecast between ¥109.09 and ¥111.08, with over 80% probability of further downside unless ¥111.08 is reclaimed.

Anton Kharitonov, expert at Traders Union, highlights a persistent technical breakdown in AUD/JPY. He sees the pair stuck below all major moving averages, reinforcing the bearish structure. With no supportive news or macro tailwinds, price action remains vulnerable to further declines. Critical trend and momentum indicators suggest selling pressure is entrenched, with oversold readings showing little relief. "Unless AUD/JPY decisively recovers above ¥111.08, I expect weak rallies to be sold and deeper losses ahead if ¥109.09 is breached."

Viktoras Karapetjanc, expert at Traders Union, notes the recent weakness but sees opportunity for proactive traders. He points out that, despite bearish signals, the pair trades near a significant support zone. Karapetjanc emphasizes that heightened volatility offers dynamic setups if price rebounds above ¥111.08. "I remain constructive — further growth is possible, and the market offers compelling risk-reward for those anticipating a reversal from oversold conditions."

Parshwa Turakhiya, analyst, sees sentiment-driven volatility as both risk and short-term opportunity for AUD/JPY. He notes that technical signals confirm heavy selling, but oversold indicators suggest a possible bounce. Turakhiya advises caution and tactical trading near the support zone. "If ¥109.09 holds, I’d watch for a brisk retracement, but a sustained drop could quickly deepen the downside move."

Persistent selling activity as momentum and signals confirm oversold state

AUD/JPY is trading below the 20-, 50-, and 200-day moving averages at ¥111.25, ¥112.2, and ¥112.36, signaling downside bias across all key timeframes. The pair faces immediate resistance at ¥110.21 and support at ¥109.09, with the 50-day average well below the 200-day, confirming a bearish setup. Momentum indicators including the MACD, ADX, RSI, and CCI all reflect strong selling activity and an oversold condition. The Bull/Bear Power sits at -0.13, underscoring persistent intraday weakness. The Awesome Oscillator also supports the ongoing bearish tone, while intraday volatility remains elevated at 0.62%.

In a recent review, analysts highlighted persistent bearish momentum for AUD/JPY, pointing to continued technical weakness and a prevailing downside bias. The latest analysis not only confirms but intensifies this negative outlook, with key technical levels suggesting traders should monitor for potential acceleration of losses on any sustained move below ¥109.09 in the near term.

Source of Data: AUD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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