AUD/JPY Price Analysis: Moves near 94.70 with conflicting signals limiting directional conviction

AUD/JPY was seen trading near the 94.70 zone on Wednesday, holding mid-range after a mild advance.
Momentum indicators flash mixed cues, with short-term bias tilted higher but overbought risks emerging.
Support lies around 94.60–94.42, while resistance caps gains near the 95.20–96.45 zone.

Patricio Martín FXStreet

The AUD/JPY pair edged slightly higher on Wednesday’s session ahead of the Asian open, seen trading around the 94.70 area. After bouncing from earlier lows, the pair managed to extend its recovery, though intraday action remains confined within the mid-point of its daily range, with a mixed technical setup keeping broader trends in check.

From a momentum perspective, the MACD histogram signals a potential buy. Meanwhile, the Ichimoku Base Line near 94.30 maintains a neutral stance. The Relative Strength Index stands at 51 and the Stochastic oscillator at 71, both hovering in neutral territory, yet the combined RSI/Stochastic indicator printing near 85 raises early overbought warnings.

The moving average analysis shows the 20-day Simple Moving Average at 93.88, supporting upside momentum in the short term. However, longer-term pressure remains, as both the 100-day SMA at 96.98 and 200-day SMA at 98.80 continue to slope downward, suggesting that underlying bearish risk remains in play.

In terms of key levels, immediate support is seen around 94.60, followed by 94.47 and 94.42. On the flip side, resistance is expected at 95.22 and 95.36, with a break above the latter potentially opening the door for a test of 96.45.

AUD/JPY daily chart

Author

Patricio Martín

FXStreet

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

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD faces the next support around 1.1600

EUR/USD comes under pressure and retreats for the fourth day in a row on Tuesday, coming closer to the key 1.1600 neighbourhood amid a decent rebound in the US Dollar ahead of the largely expected 25 basis point rate cut by the Federal Reserve on Wednesday.

GBP/USD extends mean reversion as investors brace for Fed

GBP/USD eased back toward the midrange on Tuesday, shedding around one-fifth of one percent after facing an intraday technical rejection from the 1.3350 level. Price action has slumped back into the 1.3300 handle and is holding just north of the long-term 200-day Exponential Moving Average near 1.3250 as markets hunker down for the last Federal Reserve (Fed) interest rate decision of 2025.

Gold defends $4,200 in Asia as traders gear up for the Fed

Gold price bounces off $4,200 in the Asian session on Wednesday. The precious metal finds fresh demand as traders seek safety ahead of the Fed verdict, with a 25 bps rate cut fully priced in. However, a hawkish stance on future monetary policy outlook cannot be ruled out.