AUD/JPY Eyes Breakout at ¥114.33 as Global Yields Dominate
The Australian Dollar (AUD) against the Japanese Yen (JPY) is trading at ¥113.76, experiencing a modest daily gain. The pair remains above its key moving averages.
AUD/JPY price action is dominated by global yield movements and strong carry trade demand, overshadowing domestic economic data. Recent Japanese inflation and PMI strength are being outweighed by broader market factors.
The AUD/JPY maintains a bullish technical structure with overbought signals and is projected to range between ¥113.19 and ¥114.33 over the next two days.