Australian Dollar vs Yen holds gains as seller pressure persists despite weak Australian employment data

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Aud/jpy rises 0.51% to ¥109.95 today

Highlights

The Australian Dollar declined against the Japanese Yen after Australian employment data missed expectations.
Additional factors did not significantly influence AUD/JPY on the reported date.
AUD/JPY trades below key moving averages with bearish technical signals, and the next five-day trading range is projected at ¥108.72 to ¥111.18.

AUD/JPY losses deepen on negative labor surprise with no offsetting factors

The Australian Dollar weakened against the Japanese Yen after Australian employment data came in below forecasts. The currency pair extended its losses on the back of the disappointing labor market results from Australia. No other significant factors were reported to influence AUD/JPY on this date.

Anton Kharitonov, expert at Traders Union, views AUD/JPY as technically weak with strong seller pressure in all timeframes. He highlights the bearish structure, with prices held below all major moving averages and negative momentum indicators. Weaker Australian employment data adds to the fundamental risks, reducing confidence in a sustained rebound. The probability of significant upside remains very low, with the downside scenario favored across both technical and sentiment-driven analyses. "Investors should stay defensive here as failed employment numbers and a negative technical setup could drive AUD/JPY toward ¥108.72 in the coming sessions."

Viktoras Karapetjanc, expert at Traders Union, sees current weakness in AUD/JPY as a tactical pause rather than a structural threat. He notes the disappointing jobs data has triggered near-term volatility, yet believes broader macro trends support upside potential if resistance at ¥110.24 is reclaimed. Opportunities may emerge for bullish setups if sentiment stabilizes and new data shifts momentum. Karapetjanc remains confident in the pair’s ability to recover from oversold territory, particularly as buyers regroup. "I expect further growth opportunities if AUD/JPY can reclaim ¥110.24 — the market still offers bullish setups for the prepared."

Parshwa Turakhiya, analyst, observes short-term opportunities in AUD/JPY as price action reacts to weaker Australian labor data. He highlights current oversold conditions with the CCI at -111 and the RSI below 40. Turakhiya sees scope for quick intraday bounces but cautions that the overarching trend remains bearish unless ¥110.24 is decisively breached. For now, traders may find range-bound strategies attractive inside the ¥108.72–¥111.18 band. "Sentiment remains fragile — I’d look for intraday rebounds but stay flexible as the broader setup still favors downside."

Bearish technical momentum as price stays below all key averages

AUD/JPY is trading below all key moving averages, with the current price of ¥109.95 beneath the 20-day (¥110.24), 50-day (¥111.59), and 200-day (¥112.37) averages. This structure indicates persistent seller pressure, with bearish alignment between the 50-day and 200-day averages maintaining a negative technical outlook. Resistance appears at ¥110.24, with the current day’s high of ¥109.9 serving as immediate support. Momentum readings are negative—MACD signals a strong sell, ADX indicates bearish momentum, the RSI at 38.82 shows underlying weakness, and the CCI at -111 reflects oversold conditions. Bull/Bear Power of 0.2 marks only mild buyer dominance intraday within a short-lived session high, but the broader momentum trend remains down. Intraday volatility is moderate at 0.57%, and mild strength toward the session high contrasts with the subdued longer-term technical picture.

Earlier, analysts noted that AUD/JPY was under downside pressure following disappointing Australian employment data, with expectations for near-term consolidation. The latest analysis reinforces this view, highlighting that sustained trading below major moving averages keeps the technical outlook bearish, and a close watch on ¥109.9 is warranted for signs of renewed selling pressure.

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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