AUD/JPY Price Analysis: Breaks to a five-week high above 96.00, on risk-on mood

AUD/JPY climbs to a five-week high following the Federal Reserve's decision to hold rates steady.
Wall Street rally and upbeat market sentiment benefit risk-perceived currencies like the Aussie Dollar.
From a technical perspective, AUD/JPY is neutral to upward biased, with potential resistance at 96.92 and 97.00 marks.

Christian Borjon Valencia FXStreet

The AUD/JPY climbs amid an upbeat sentiment, reached a five-week high of 96.54 late on Wednesday session after the US Federal Reserve (Fed) held the Federal Fund Rates (FFR) at around 5.25%-5.50%, unchanged compared to the last two meetings. The pair is trading at 96.50, with buyers eyeing the September 29 high at 96.92.

Wall Street rallied on Wednesday, portraying an upbeat market sentiment. Risk-perceived currencies like the Aussie Dollar (AUD) benefit in that scenario, seen as the main driver of Wednesday’s price action.

From a technical perspective, the AUD/JPY is neutral to upward biased, with buyers eyeing a break of the latest pivot high at 96.92, the September 29 high. Once that level gives way, up next would be the 97.00 mark, along with the year-to-date (YTD) high at 97.67, ahead of the 98.00 figure.

On the other hand, for sellers, the AUD/JPY must drop below the Tenkan-Sen at 95.45 so they can remain hopeful of seeing lower prices. If that level is breached, the next support level emerging would be the Senkou Span A at 95.20, followed by the 95.00 figure.

AUD/JPY Price Action – Daily chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price	96.64
Today Daily Change	0.54
Today Daily Change %	0.56
Today daily open	96.1

Trends
Daily SMA20	95
Daily SMA50	94.84
Daily SMA100	94.9
Daily SMA200	92.8

Levels
Previous Daily High	96.16
Previous Daily Low	94.85
Previous Weekly High	95.9
Previous Weekly Low	94.25
Previous Monthly High	96.42
Previous Monthly Low	93.05
Daily Fibonacci 38.2%	95.66
Daily Fibonacci 61.8%	95.35
Daily Pivot Point S1	95.24
Daily Pivot Point S2	94.39
Daily Pivot Point S3	93.93
Daily Pivot Point R1	96.56
Daily Pivot Point R2	97.02
Daily Pivot Point R3	97.87

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.

AUD/USD remains depressed near 0.6950 after RBA minutes

AUD/USD attracts follow-through selling during Tuesday’s Asian session, looking to extend the overnight rejection slide from 0.7000, or a two-week top, following the release of RBA meeting Minutes. The US Dollar retains a bullish undertone near its highest level since April 2025 as energy-driven inflation risks keep December Fed rate hike bets firmly on the table. Adding to this, geopolitical risks further underpin the safe-haven USD.

USD/JPY extends retreat below 158.50 as intervention risks loom

USD/JPY is dropping below 158.50 in the Asian session on Tuesday, snapping a two-day winning streak and pulling back from an over two-week top touched the previous day, despite Japan's soft PPI inflation print. Bulls turn cautious amid speculation that authorities will step in to prop up the Japanese Yen, which, in turn, weighs on the pair.

Gold advances to $4,200 amid retreating USD; Fed hike bets to cap further gains

Gold builds on its modest intraday move up and hits a fresh daily high around the $4,200 neighborhood during the Asian session. The US Dollar retreats from its highest level since April 2025 amid some profit-taking, offering support to the commodity. However, the US Federal Reserve's hawkish stance and escalating Middle East conflicts could limit deeper losses for the safe-haven buck.

Cardano: Retail support wanes as ADA tests a make-or-break level

Cardano price is up nearly 2% at press time on Tuesday, holding above its 50-day Exponential Moving Average (EMA) at $0.2302 and a near-term rising support trendline at $0.2264. ADA is losing retail demand in the derivatives market as its futures Open Interest declines and funding rates flip negative.

Indian Rupee gains further on RBI’s fresh measures to lower US Dollar’s demand

The Indian Rupee extends the Monday’s advance against the US Dollar on Tuesday, driven by the announcement of fresh Reserve Bank of India’s US Dollar-related measures to shore up the domestic currency. In the opening session, the USD/INR pair tumbles 0.6% to near 95.00, the lowest level seen in over a month.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?