Created
: 2025.10.23
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
AUD/JPY Price Forecast: Extends the rally, first upside barrier emerges near 99.50
World FX news
Breaking news
AUD/JPY Price Forecast: Extends the rally, first upside barrier emerges near 99.50
New
2025.10.23 14:32
2025.10.23 14:32
2025.10.23 14:32
- AUD/JPY extends its upside to around 98.85 in Thursday's early European session.
- The cross keeps the bullish view in the longer term, further upside looks favorable with the bullish RSI indicator.
- The immediate resistance level is seen at 99.50; the first downside target is located at 97.84.
The AUD/JPY cross trades in positive territory for the fifth consecutive day near 98.85 during the early European session on Thursday. Hopes for ending the US-China trade war truce provide some support to the China-proxy Australian Dollar (AUD) against the Japanese Yen (JPY).
US President Donald Trump said on Wednesday he expected to reach agreements with Chinese President Xi Jinping when they meet in South Korea next week. The talks could range from resumed soybean purchases by Beijing to limits on nuclear weapons.
Technically, the constructive view of AUD/JPY remains in place as the cross is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is supported by the 14-day Relative Strength Index (RSI), which stands above the midline near 55.0. This suggests bullish momentum in the near term.
On the bright side, the first upside barrier for the cross emerges at 99.50, the high of October 14. Any follow-through buying above this level could aim for the 100.00 psychological level and possibly retest the upper boundary of the Bollinger Band of 100.40.
On the downside, the initial support level for AUD/JPY is located at 97.84, the low of October 10. More bearish candlesticks below the mentioned level could pull the cross back toward 96.86, the low of October 2. The key contention level to watch is 96.65, the 100-day EMA
AUD/JPY daily chart
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2025.10.23
Related articles
TRY: Uncertain size of rate cuts after higher-than-expected inflation - ING
1 minutes agoUSD/CHF eases from 0.7980 following the release of the SNB minutes
4 minutes agoEUR: Heading into a non-event ECB - ING
31 minutes agoPound Sterling wobbles against US Dollar as focus shifts to US inflation
33 minutes agoEUR/GBP Price Forecasts: Trapped in a tightening range around 0.8700
39 minutes agoSNB minutes rule of fears of inflation remaining persistently negative
56 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
TRY: Uncertain size of rate cuts after higher-than-expected inflation - ING
The Central Bank of Turkey will decide on another rate cut today. We expect a 150bp rate cut to 39%; however, the story is more unclear than usual.
New
2025.10.23 17:40USD/CHF eases from 0.7980 following the release of the SNB minutes
The US Dollar remains firm against the Swiss Franc.
New
2025.10.23 17:37Gold: Bulls need to reclaim 4130 - OCBC
Gold has yet to recover after the steep decline from all-time high, but pace of decline is starting to moderate. XAU last seen at 4114.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.10.23 17:33Energy: US sanctions Rosneft and LukOil - ING
The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.
New
2025.10.23 17:28Dow Jones futures lose as risk aversion increases due to US data blackout
Dow Jones futures lose 0.12% to trade near 46,700 during European hours, ahead of the opening of the regular United States (US) session on Thursday. The S&P 500 futures gain 0.12% to trade near 6,750, while Nasdaq 100 futures rise 0.23% to reach near 25,100 at the time of writing.
New
2025.10.23 17:26EUR: Heading into a non-event ECB - ING
EUR/USD is hovering around 1.160, a level that, in our view, can work as an anchor again today and possibly for a few more days should US CPI fail to add much to the US Dollar (USD) narrative, ING's FX analyst Francesco Pesole notes.
New
2025.10.23 17:11Pound Sterling wobbles against US Dollar as focus shifts to US inflation
The Pound Sterling (GBP) trades in a tight range around 1.3350 against the US Dollar (USD) during the European trading session on Thursday.
New
2025.10.23 17:09EUR/GBP Price Forecasts: Trapped in a tightening range around 0.8700
The Euro is giving away most of the gains taken on Wednesday on Thursday, amid the softer-than-expected UK inflation data, and returns below 0.8700.
New
2025.10.23 17:03SNB minutes rule of fears of inflation remaining persistently negative
The latest minutes from the Swiss National Bank's (SNB) September monetary policy meeting express that interest rates won't fall into negative territory as inflationary pressures in the economy are not expected to become persistently negative.
New
2025.10.23 16:45USD/CAD Price Forecast: Remains below 1.4000, tests lower ascending channel boundary
USD/CAD moves little after two days of losses, trading around 1.3990 during the early European hours on Thursday. The technical analysis of the daily chart suggests a weakening of a prevailing bullish bias as the pair is attempting to break below the ascending channel pattern.
New
2025.10.23 16:40Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
