AUD/JPY Price Analysis: Bearish Strength Intensifies, nearing critical low since March

AUD/JPY pair sustains a dominant bearish trend, eying significant support around 95.30.
Daily indicators signal a possible market exhaustion with RSI dropping to 18.
Pair spirals through the support level of 97.00, directing attention to the critical 95.30 support line.

Patricio Martín FXStreet

On Friday, the AUD/JPY pair magnifies the bearish sentiment, recording substantial losses with a 5% weekly loss. The decreasing trading volume reinforces the apparent weakening interest among traders and with the pair breaking through the secondary support of 97.00, the market now keeps an eye on the critical 95.30 benchmark.

The Relative Strength Index (RSI) has dived drastically below the 30 mark and is now deep in the oversold zone. This extreme selling activity hints at a potential price reversal due to market exhaustion. Meanwhile, the Moving Average Convergence Divergence (MACD) continues printing red bars.

AUD/JPY daily chart

Currently, the AUD/JPY pair is trying to establish a strong base around the major support line at 95.30, which will be crucial in minimizing further losses. The loss of this line could send the pair spiralling further downwards towards 94.00 or even 93.00, while a bounce back could see the 99.00 - 101.00 marks functioning as strong resistance levels.

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

AUD/USD seems vulnerable near 0.6800, 10-month low amid bullish USD

AUD/USD languishes near a 10-month low during the Asian session on Friday, awaiting a break below 0.6800 before the next leg up amid a bullish US Dollar. Firming Fed rate-hike expectations, along with fading hopes for US-Iran diplomacy, help the USD hold gains at its highest level since April 2025. Moreover, the RBA’s dovish tilt undermines the Aussie and backs the case for further losses.

USD/JPY bulls turn cautious near 160.00 amid intervention risks

USD/JPY enters a bullish consolidation phase around its highest level since early September as bulls turn cautious amid intervention risk near 160.00. Meanwhile, the downside seems cushioned as the wide US-Japan interest rate gap keeps the Yen carry trade active. Furthermore, the possibility of a jumbo Fed rate hike and Middle East uncertainties hold the US Dollar near a 19-month top, supporting the currency pair.

Gold advances marginally; still below $3,900

Gold attempts a mild bounce and approaches the $3,900 region per troy ounce at the end of the week. The marginal recovery in the precious metal comes on the back of a vacillating mood surrounding the US Dollar along with mixed US Treasury yields following the release of US October Producer Prices.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Week ahead – Fed Minutes, inflation data and Nvidia earnings to guide investors

Fed minutes may add to hawkish tone as bets of 50-bps hike grow. Nvidia to report earnings as bar to impress high after spy scandal. Trade and geopolitics to be focal point of Trump-Xi summit.

Gold hit its lowest level of 2026 near $3,850

Gold (XAU/USD) attempts to stabilize around $3,890 on Friday after falling to $3,852 on Thursday, its lowest level since October 2025. The precious metal has lost more than 4% this week, as investors increasingly anticipate further monetary tightening from the Federal Reserve (Fed). The latest decline reflects a sharp change in market expectations.