AUD/JPY Price Forecast: Gathers strength above 111.00 with bullish bias intact

AUD/JPY trades in positive territory around 111.05 in Monday’s early European session.
The constructive outlook of the cross prevails above the 100-day EMA and bullish RSI indicator.
The initial support level is seen at 109.95; the immediate resistance level to watch is 112.20.

Lallalit Srijandorn FXStreet

The AUD/JPY cross holds positive ground near 111.05 during the early European trading hours on Monday. The stronger-than-expected Chinese economic data provide some support to the China-proxy Aussie. China’s Consumer Price Index (CPI) climbed 1.3% YoY in February, compared to an increase of 0.2% in January, the National Bureau of Statistics of China revealed on Monday. Meanwhile, China’s Producer Price Index (PPI) declined 0.9% YoY in February, versus a 1.4% fall in January, better than the expectations of -1.1%.

Japanese Prime Minister Sanae Takaichi said on Monday that it’s hard to say how the conflict in the Middle East could affect Japan's economy. However, ongoing geopolitical risks and fears of a prolonged conflict in the Middle East could boost safe-haven currencies such as the Japanese Yen (JPY) against the Australian Dollar (AUD) in the near term.

Technical Analysis:

In the daily chart, the near-term bias of AUD/JPY is bullish as price holds well above the 100-day exponential moving average near 105.50, confirming an established uptrend and sustained demand on dips. The latest candles track close to the upper Bollinger Band, underscoring persistent upside pressure rather than mean reversion, while the middle band around 109.95 rises in parallel with price. RSI around 61 stays above its midline without entering overbought territory, indicating solid bullish momentum with no immediate exhaustion signal.

Initial support emerges at the Bollinger middle band near 109.95, where a pullback would test trend resilience, followed by the lower band region around 107.70. A break below that moving average would weaken the bullish structure and open the way toward the rising 100-day EMA at 105.50.

On the upside, immediate resistance aligns with the recent upper Bollinger area near 112.20, with a clear daily close above this zone extending the advance toward the 113.50 region. As long as price holds above 109.95, risk remains skewed to further gains rather than a sustained correction.

(The technical analysis of this story was written with the help of an AI tool.)

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

GBP/USD trims gains; back to 1.3450-ish

The persistent weakness hurting the Greenback lends support to the British Pound and the rest of the risk-linked assets, sending GBP/USD to new two-day tops past 1.3480 on Wednesday. Indeed, Cable advances for the second day in a row helped by the constant optimism around a potential US-Iran deal.

EUR/USD hovers around two-month peaks near 1.1560

EUR/USD advances for the second day in a row, challenging multi-week highs in the 1.1560 zone on Wednesday. The persistent weakness hitting the US Dollar underpins the move higher in spot while market participants continue to closely follow developments from the Middle East and gear up for upcoming key data releases in the US jobs market. On Thursday, all the attention will be on the release of weekly Claims alongside Challenger Job Cuts.

How Wall Street rigs the game [Video]

In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.

Ethereum: BitMine extends share buyback spree, scoops over 10K ETH

Ethereum treasury firm BitMine Immersion Technologies continued its share buyback spree last week after repurchasing 4.5 million shares of its common stock. This purchase brings the total stock buyback since July 1 to 16.1 million shares, part of a previously authorized $4 billion repurchase plan.

Taking out the lines in the sand

Good Day... And a Wonderful Wednesday to you! Well, just as I suspected, my beloved Cardinals' bats went silent last night in the Bronx, and they lost 0-2... The Yankees' bats were exactly a murderer's row, but they hit 2 homers and won. I said yesterday that the song : Just Once In My Life, could be the Cardinals' song after hitting 5 home runs the previous night!

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.