Bearish
AUD/JPY Remains Below 110.00 Amid Bearish Technical Indicators and Soft CPI
Over the past 24 hours, AUD/JPY has traded below the 110.00 mark, influenced by bearish technical indicators and soft Australian inflation data. The Relative Strength Index (RSI) remains in bearish territory, indicating continued downward momentum. Additionally, the Reserve Bank of Australia's (RBA) recent rate hike has not provided significant support to the Australian dollar, as market participants await further economic data and central bank communications.
Key points
- Bearish Technical Indicators: The RSI remains in bearish territory, suggesting continued downward momentum for AUD/JPY.
- Soft Australian Inflation Data: Recent Consumer Price Index (CPI) figures have been weaker than expected, reducing expectations for further RBA rate hikes.
- Neutral Market Sentiment: Market participants are awaiting additional economic data and central bank communications to gauge future AUD/JPY movements.
Sources
- AUD/JPY Price Forecast: Declines below 110.00, technical bias stays bearishTMGM · October 5, 2026
- AUD/JPY Price Forecast: Holds losses below 112.00, retaining bearish outlook beneath 100-day SMATMGM · September 23, 2026
- AUD/JPY Price Forecast: Recovers from six-month low, but retains bearish bias below 100-day SMATMGM · October 1, 2026
AI-generated from public news sources. Not financial advice.
