AUD/JPY Price Forecast: Slips below 94.00 as Middle East de-escalation lifts safe havens

AUD/JPY is down 0.06% after failing to clear the May 14 peak at 95.56.
RSI turns slightly lower; mixed signals keep traders focused on price structure.
Key support at 93.40/56; a break below could expose 93.00 and 92.63 Senkou Span B.

Christian Borjon Valencia FXStreet

AUD/JPY retreats amid a risk-on mood, spurred by the de-escalation of the Middle East conflict. This pushed safe-haven currencies, except for the US Dollar (USD), higher during Tuesday’s session to the detriment of the Australian Dollar (AUD). At the time of writing, the cross-pair is trading below the 94.00 figure, down 0.06%.

AUD/JPY Price Forecast: Technical Analysis

The trend remains down in the AUD/JPY cross-pair. Even though the Australian Dollar showed signs of strength, its failure to clear the May 14 peak of 95.56 pushed the pair below the 94.00 figure, although it meanders around the latter.

In the short term, the Relative Strength Index (RSI) aims slightly lower, though it remains bullish. The mixed readings leave us as traders focused on price action.

Hence, if AUD/JPY clears the confluence of the Tenkan-sen and the Senkou Span A at around 93.40/56, look for a test of the Kijun-sen at 93.23. On further weakness, 93.00 will be exposed, followed by the Senkou Span B at 92.63.

Conversely, if AUD/JPY rises past 94.00, the first resistance would be 95.00, followed by 95.56, the May 14 high. Above this level, the next zone of interest will be the 96.00 figure.

AUD/JPY Price Chart – Daily

Australian Dollar PRICE Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Swiss Franc.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.00%	-0.00%	0.00%	0.05%	0.00%	-0.02%	-0.04%
EUR	-0.01%		-0.00%	-0.05%	0.03%	-0.02%	-0.07%	-0.04%
GBP	0.00%	0.00%		-0.02%	0.02%	0.00%	-0.07%	-0.01%
JPY	0.00%	0.05%	0.02%		0.05%	0.04%	0.00%	0.04%
CAD	-0.05%	-0.03%	-0.02%	-0.05%		0.00%	0.02%	-0.05%
AUD	0.00%	0.02%	-0.01%	-0.04%	-0.01%		-0.11%	0.02%
NZD	0.02%	0.07%	0.07%	-0.01%	-0.02%	0.11%		0.05%
CHF	0.04%	0.04%	0.00%	-0.04%	0.05%	-0.02%	-0.05%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

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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