AUD/JPY Faces Downside Momentum as Technical Analysis Points to Continued Decline

The Australian Dollar (AUD) versus Yen (JPY) exchange rate is currently trading at ¥110.17, down from its previous value of ¥110.04 due to a modest decline in price.

According to technical analysis, the AUD/JPY remains below its key moving averages, indicating a weak tone in the immediate session and strong seller pressure across all time frames.

The bearish momentum is dominating as MACD, ADX, and intraday indicators signal a high probability of further downside with low volatility.

Experts predict that AUD/JPY will likely remain within a range of ¥109.49 to ¥110.59 over the next 2-3 days, with a further drop more likely than a rebound.