AUD/JPY Exchange Rate Traders Eye Support at ¥110.18 Amid Bearish Momentum
The Australian Dollar (AUD) versus Japanese Yen (JPY) exchange rate has been experiencing technical weakness, as evidenced by its trading below major moving averages. The AUD/JPY pair is currently trading at ¥110.92, with a slight intraday decline from the previous day's high of ¥110.88.
However, this bearish trend is not new. In late July and early August 2026, Japan's Ministry of Finance intervened in the foreign exchange market to support the yen near historic lows against the US dollar. The intervention involved sizable dollar sales and yen purchases, which resulted in a record $79.6 billion drop in Japan's foreign exchange reserves for the month.
The impact of this intervention can be seen in the AUD/JPY price chart, where the pair remains below its key moving averages. Technical indicators such as MACD, ADX, and RSI confirm bearish momentum, indicating a pronounced downside bias.
Looking ahead, analysts predict that the AUD/JPY exchange rate will trade within a volatility band of ¥110.18 to ¥111.58 over the next 2-3 sessions. A sustained break above ¥111.39 could trigger a bullish move, while a move below ¥110.18 could accelerate further losses.