The AUD/JPY pair is gaining strong positive momentum in reaction to hotter Australian consumer inflation numbers, tempering bets on further interest rate cuts by the Reserve Bank of Australia (RBA) and strengthening the Australian dollar. Momentum is lifting spot prices to the 101.70 area, or a new weekly high, during the early European session, with bulls now waiting for a breakout of the nearly three-week-old trading range before placing new bets.
The 100-day simple moving average (SMA) is steadily rising, with AUD/JPY holding above it reinforcing the bullish bias. The Moving Average Convergence Divergence (MACD) indicator is hovering around the zero line, with the MACD lines and signal lines showing little separation and indicating weak momentum. The Relative Strength Index (RSI) at 60.39 is slightly bullish above the 50 midline.
Trend conditions will remain favorable while the price remains above the bullish SMA, which is currently just below the 98.00 mark and should offer dynamic support. A decisive MACD push into positive territory would strengthen the case for a move towards the 102.45-102.50 area, or the highest level since July 2024, touched last week.
On the other hand, weakness below the 101.40 area may now find good support near the 101.00 round figure, below which AUD/JPY could retest the trading range support, around the 100.40-100.35 area. A convincing breakout below the latter could trigger some technical selling and pull spot prices below the psychological 100.00 mark, towards the next relevant support near the 99.65-99.60 area.
(Technical analysis of this story was written with the help of an artificial intelligence tool)
AUD/JPY daily chart
Australian dollar price today
The table below shows the percentage change in the Australian Dollar (AUD) against the major currencies listed today. The Australian dollar was the strongest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.22% | -0.23% | 0.05% | -0.20% | -0.62% | -1.18% | -0.32% | |
| euro | 0.22% | -0.01% | 0.25% | 0.02% | -0.41% | -0.96% | -0.11% | |
| GBP | 0.23% | 0.01% | 0.27% | 0.03% | -0.39% | -0.95% | -0.09% | |
| JPY | -0.05% | -0.25% | -0.27% | -0.26% | -0.67% | -1.23% | -0.37% | |
| Canadian | 0.20% | -0.02% | -0.03% | 0.26% | -0.44% | -0.99% | -0.12% | |
| Australian dollar | 0.62% | 0.41% | 0.39% | 0.67% | 0.44% | -0.56% | 0.30% | |
| New Zealand dollar | 1.18% | 0.96% | 0.95% | 1.23% | 0.99% | 0.56% | 0.86% | |
| Swiss franc | 0.32% | 0.11% | 0.09% | 0.37% | 0.12% | -0.30% | -0.86% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select 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).
