AUD/JPY Bulls Eye 111.50 Barrier Amidst Market Volatility

The Australian dollar's performance against the Japanese yen has been volatile in recent sessions. On Friday, it initially fell but then turned around to show signs of strength.

This turnaround suggests that buyers are entering the market, and a key barrier is the 111.50 yen level. If the AUD/JPY pair breaks above this level, traders may target the 50-day EMA as their next destination.

However, if the pair falls from here, support levels at 110 yen and the 200-day EMA will come into play. The longer-term trend is still bullish, but caution is advised due to the noisy market conditions and potential central bank interventions.