AUD/JPY Price Analysis: Aussie falling back into new weekly lows, heading for 96.00

The AUD/JPY is backsliding after seeing a rejection from the 97.00 handle.
Aussie bidders are getting washed out of the market, pushing the AUD down across the board.
Intraday momentum is firmly pinned into the bearish side.

Joshua Gibson FXStreet

The AUD/JPY is seeking out further downside as the Aussie markets tilt firmly into the bearish side heading into the Friday market session.

The Aussie's (AUD) near-term bullish stance from last week is cracking into pieces, marking in a technical ceiling against the Yen (JPY) after a failed push into 97.60 sees the AUD/JPY dumping chart paper. Bids have tumbled below the 200-hour Simple Moving Average (SMA) as intraday momentum rotates into bear country.

Bids are seeing near-term friction from the 96.40 region, but a short-side continuation will see the AUD/JPY extending downwards into the 96.00 handle.

The 50-hour SMA is falling back into the longer moving average but still remains on the top side, and a bearish confirmation could see any bullish pullbacks primed for a continuation lower if bidders don't step into markets and recover the AUD heading into the week's market close.

AUD/JPY Hourly Chart

AUD/JPY Daily Chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price	96.34
Today Daily Change	-0.35
Today Daily Change %	-0.36
Today daily open	96.69

Trends
Daily SMA20	95.53
Daily SMA50	95.18
Daily SMA100	94.92
Daily SMA200	92.94

Levels
Previous Daily High	97.1
Previous Daily Low	96.63
Previous Weekly High	97.33
Previous Weekly Low	94.74
Previous Monthly High	96.42
Previous Monthly Low	93.05
Daily Fibonacci 38.2%	96.81
Daily Fibonacci 61.8%	96.92
Daily Pivot Point S1	96.51
Daily Pivot Point S2	96.34
Daily Pivot Point S3	96.05
Daily Pivot Point R1	96.98
Daily Pivot Point R2	97.27
Daily Pivot Point R3	97.44

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

AUD/USD remains depressed near 0.6950 after RBA minutes

AUD/USD attracts follow-through selling during Tuesday’s Asian session, looking to extend the overnight rejection slide from 0.7000, or a two-week top, following the release of RBA meeting Minutes. The US Dollar retains a bullish undertone near its highest level since April 2025 as energy-driven inflation risks keep December Fed rate hike bets firmly on the table. Adding to this, geopolitical risks further underpin the safe-haven USD.

USD/JPY extends retreat below 158.50 as intervention risks loom

USD/JPY is dropping below 158.50 in the Asian session on Tuesday, snapping a two-day winning streak and pulling back from an over two-week top touched the previous day, despite Japan's soft PPI inflation print. Bulls turn cautious amid speculation that authorities will step in to prop up the Japanese Yen, which, in turn, weighs on the pair.

Gold: Bears struggle to breach below $4,150

Gold now gives away its initial gains and resumes its decline, revisiting the $4,160 region per troy ounce on Tuesday. The precious metal’s pullback comes despite the fresh downward trend in the Greenback in combination with a mixed performance of US Treasury yields across the board and easing tensions on the geopolitical front.

Bitcoin rebounds despite cautious sentiment

Bitcoin rebounds over 2%, trading above $83,500 on Tuesday, recovering the previous day’s losses. Persistent geopolitical tensions and mixed signals continue to weigh on risk appetite, keeping investors cautious despite BTC’s recovery.

US – Midterm update: Democratic lead holds three weeks before election

With three weeks until the US midterm election on 3 November, prediction markets are more or less unchanged. Polymarket continues to put the probability of a Democratic sweep at 60-65%. The House is seen as a fairly safe Democratic win, with a probability of around 90%.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?