AUD/JPY Price Analysis: Struggles at Tenkan-Sen line, collapses on soft Aussie CPI

AUD/JPY kicks off the Asian session with a retreat, trading at 95.30, down 0.05% amid RBA rate hike speculations and disappointing CPI results.
AUD/JPY plummets after failing to breach the Tenkan-Sen line at 96.41, hitting a two-week low of 95.15 but remaining above the Ichimoku Cloud, upholding the uptrend.
Further falls may lead AUD/JPY to the Kijun-Sen line at 93.96 or the previous year’s daily high at 93.35.

Christian Borjon Valencia FXStreet

The AUD/JPY retreats as the Asian session begins after registering huge losses of 1% on Wednesday, courtesy of speculations the Reserve Bank of Australia (RBA) would not raise rates as the Consumer Price Index (CPI) was below estimates. Therefore, the AUD/JPY is trading at 95.30, down 0.05%.

AUD/JPY Price Analysis: Technical outlook

The AUD/JPY tumbled sharply after failing to pierce the Tenkan-Sen line at 96.41, extending its losses past the 96.00 figure, achieving a two-week low of 95.15. Despite the AUD/JPY pullback, it remains above the Ichimoku Cloud, confirming the uptrend, though about to face support at the Senkou Span A line at 95.18.

A fall below the latter could drag AUD/JPY prices toward the Kijun-Sen line at 93.96, slightly below the 94.00 figure, followed by last year’s December 13 daily high turned support at 93.35.

Conversely, if AUD/JPY buyers reclaim the 96.00 psychological level, that could open the door to recapturing the Tenkan-Sen resistance level at 96.41. Once cleared, the next resistance would be the 97.00 mark before testing the year-to-date (YTD) high of 97.67.

AUD/JPY Price Action – Daily chart

AUD/JPY

Overview
Today last price	95.32
Today Daily Change	-1.01
Today Daily Change %	-1.05
Today daily open	96.33

Trends
Daily SMA20	94.66
Daily SMA50	92.3
Daily SMA100	91.16
Daily SMA200	91.74

Levels
Previous Daily High	96.5
Previous Daily Low	95.66
Previous Weekly High	97.68
Previous Weekly Low	95.26
Previous Monthly High	92.44
Previous Monthly Low	89.16
Daily Fibonacci 38.2%	96.18
Daily Fibonacci 61.8%	95.98
Daily Pivot Point S1	95.83
Daily Pivot Point S2	95.33
Daily Pivot Point S3	95
Daily Pivot Point R1	96.67
Daily Pivot Point R2	97
Daily Pivot Point R3	97.5

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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