AUD/JPY inches toward 0.8600 post Australia upbeat CPI

  • AUD/JPY posts gains for the third straight day on Wednesday.
  • The Aussie jumps against majors post upbeat CPI data.
  • The Japanese yen remains on the backfoot on dovish BOJ, risk-on mood.

AUD/JPY continues to gain on Wednesday in the early Asian session. The cross-currency pair has been rising since the beginning of the October series. As of writing, the AUD/JPY is trading at 85.93 up 0.36% for the day.

Investors cheered up Australia's upbeat inflation data. The Consumer Price Index (CPI) came at 0.8% in line with market expectations on a quarterly basis. The Reserve Bank of Australia (RBA) Trimmed Mean CPI reported at 0.7% QoQ basis, beating the market consensus of 0.5%. The aussie gains on the expectations that the higher inflation readings will prompt the RBA to raise the cash rate before 2024. 

In addition to that, the reopening of Australian borders supports the sentiment surrounding the aussie. As per the latest update fully vaccinated Australian citizens and permanent residents will no longer require an exemption from outbound travel from Australia from November 1.

On the other hand, the Japanese yen lost its momentum amid an improved risk appetite among investors. It is worth noting that S&P 500 Futures is trading at 4,569, up 0.07% for the day. Further, the market is bracing for the Bank of Japan (BOJ) dovish monetary policy announcement on Thursday. The BoJ is expected to maintain its massive stimulus program while signaling more delays in the economic recovery.

As for now, the market dynamcis continue to influecne the pair's performance.

AUD/JPY additional levels


Today last price 85.7
Today Daily Change 0.07
Today Daily Change % 0.08
Today daily open 85.63
Daily SMA20 83.22
Daily SMA50 81.44
Daily SMA100 81.84
Daily SMA200 82.6
Previous Daily High 85.92
Previous Daily Low 85.12
Previous Weekly High 86.26
Previous Weekly Low 84.28
Previous Monthly High 82.03
Previous Monthly Low 78.85
Daily Fibonacci 38.2% 85.62
Daily Fibonacci 61.8% 85.43
Daily Pivot Point S1 85.2
Daily Pivot Point S2 84.76
Daily Pivot Point S3 84.39
Daily Pivot Point R1 86
Daily Pivot Point R2 86.36
Daily Pivot Point R3 86.8



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD climbs above 1.1250 as investors eye coronavirus headlines

EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.


GBP/USD rebounds toward mid-1.3300s on broad dollar weakness

GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.


Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium

Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.

Gold News

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40. 

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!