AUD/JPY Price Forecast: Bulls extend recovery near 97.00

AUD/JPY bulls pushed the pair higher to 96.80 on Thursday, extending its recovery.
Technical indicators are improving, the RSI scaped oversold terrain and the MACD printed decreasing red bars below its neutral line.

Patricio Martín FXStreet

In Thursday's session, the AUD/JPY pair rose by 1.20% to 96.80, continuing its recovery mode after bottoming out at 90.10 on August 5th.

Technical indicators are improving. The Relative Strength Index (RSI) is rising and recently crossed above the oversold threshold, indicating a gain in momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is decreasing red bars below its neutral line but is losing momentum, suggesting a potential loss in bearish momentum.

AUD/JPY daily chart

Taking into account the above and Thursday's wider market risk appetite, the AUD/JPY could extend its advance towards 98.00. However, if the pair fails to break above 98.00, then it could correct lower. Immediate support is seen at 96.00 and then at 95.35. Other resistances are seen at 98.00 and then at the psychological 100.00 mark.

Author

Patricio Martín

FXStreet

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

EUR/USD treads water near 1.1800 ahead of ECB rate decision

EUR/USD is keeping its range at around 1.1800 in the European trading hours on Thursday. The pair awaits the European Central Bank interest rate decision for fresh impetus after the Eurozone inflation declined well below the central bank's 2% target.

GBP/USD stays weak toward 1.3600 on BoE's 'Super Thursday'

GBP/USD holds its losses for the second successive session, directed toward 1.3600 in European trading on Thursday. The pair weakens as the Pound Sterling comes under pressure ahead of the Bank of England’s interest rate decision due later in the day.

Gold recovers major part of intraday losses to sub-$4,800 levels; down a little on firmer USD

Gold rebounds swiftly following the Asian session fall to sub-$4,800 levels and climbs back above the $4,900 mark in the last hour, though the upside potential seems limited. Wednesday's softer US ADP report pointed to labor market weakness and strengthened the case for interest rate cuts by the Federal Reserve, lending support to the non-yielding yellow metal.

BTC steadies as bears shift focus toward $70,000

Bitcoin price remains under pressure so far this week, with the Crypto King slipping below $73,000 on Tuesday for the first time since November 2024. The price dip in BTC was fueled as the news came in late Tuesday that the US military shot down an Iranian drone that “aggressively” approached the USS Abraham Lincoln aircraft carrier in the Arabian Sea.

European Central Bank seen holding interest rates, reinforcing its wait-and-see stance

The European Central Bank is holding its two-day meeting and will announce its monetary policy decision on Thursday. The ECB is widely expected to keep interest rates on hold for the fifth consecutive meeting, leaving the main refinancing operations, the marginal lending facility, and the deposit facility at 2.15%, 2.4%, and 2%, respectively.

Top Crypto Losers: Zcash, Stacks, BNB drop further as Bitcoin weakens

Zcash, Stacks, and BNB (formerly Binance Coin) are among the biggest losers over the last 24 hours as Bitcoin approaches $72,000. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, broader-market risk-off sentiment, and the delay in the Digital Asset Clarity Act.