AUD/JPY Price Analysis: Struggles to hold ground ahead of the Asian session

The AUD/JPY trades near the 91.30 zone with minimal gains during Monday’s session.
Overall bias remains bearish despite mixed technical signals.
Key resistance lies near 91.80, while support is seen closer to 91.10.

Patricio Martín FXStreet

The AUD/JPY is trading close to the 91.30 area on Monday, showing very limited movement ahead of the Asian session. The pair remains stuck mid-range after a session characterized by low volatility. Despite a marginal daily gain, technical indicators provide a mixed picture: the Relative Strength Index (RSI) stays neutral around 48, the Moving Average Convergence Divergence (MACD) flashes a buy signal, while momentum and stochastic oscillators hint at mounting selling pressure. A bearish tilt remains dominant, reinforced by the 30-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), as well as the 100-day and 200-day SMAs, all indicating further downside risks.

Looking deeper into the technical setup, selling signals persist as the 30-day EMA at 91.77 and 30-day SMA at 91.88 lean toward further declines. Longer-term trends also add to the bearish bias, with the 100-day SMA at 94.99 and the 200-day SMA at 96.92 firmly indicating selling pressure. Even though the 20-day SMA, positioned lower around 90.65, suggests short-term buying interest, it seems insufficient to overturn the broader negative sentiment.

Momentum indicators bolster the bearish case, with the 10-period momentum showing weakness and the stochastic %K hovering at elevated but downward-leaning levels near 86, typically a signal of potential reversal from overbought conditions. On the flip side, the MACD’s buy signal tempers the bearish outlook somewhat, hinting at possible short-term stabilization.

In terms of levels to watch, support is seen around 91.33, 91.13, and deeper near 90.98. Meanwhile, resistance is stacked near the 91.77, 91.81, and 91.88 zones, suggesting that any upside attempt could face challenges relatively quickly.

Daily chart

Author

Patricio Martín

FXStreet

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

AUD/USD hangs near three-week low, below 0.6950 as traders await US NFP report

AUD/USD hits a three-week low during the Asian session on Friday as the RBA’s dovish shift and a rout in equity markets weigh on the risk-sensitive Aussie. However, the recent slump in US bond yields to a two-month low keeps US Dollar bulls on the back foot and limits losses for the currency pair as traders look to the US NFP report for a fresh impetus.

USD/JPY bounces off three-week low; keeps the red near 157.65 as focus remains on US NFP

USD/JPY bounces off the weekly low set during the Asian session, as bears turn cautious ahead of the US NFP report due later this Friday. The upside seems limited as the recent slump in US bond yields and hopes of Iran war de-escalation undermine the US Dollar. Moreover, a hawkish BoJ and intervention risks support the Japanese Yen, capping the pair.

Gold loses the grip; $4,000 comes next on the downside

Gold sets aside two daily advances in a row on Friday, opening the door to a potential test of the key $4,000 mark per troy ounce. The precious metal’s retracement follows a decent improvement in the sentiment surrounding the US Dollar, solid NFP data and higher US Treasury yields across the board.

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Week ahead – Inflation and geopolitics in focus as US political landscape shifts

Post-midterm election euphoria fizzles out as risk aversion prevails. US CPI, PPI and Fedspeak on the radar as Fed hike bets remain supported. Oil retreat pauses on mixed hopes about the ongoing conflicts.

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.