AUD/JPY Slips on Technical Selling Pressure

The Australian Dollar (AUD) fell against the Japanese Yen (JPY) today, down 0.5% to ¥111.33. Technical selling pressure dominated the market in the absence of fresh news catalysts.

This move is supported by the AUD/JPY pair remaining below its key short-, medium-, and long-term moving averages, indicating sellers retain control across multiple timeframes. Momentum indicators, including MACD and ADX, forecast additional downside while Stochastic RSI and BBP indicate temporary overextension to the downside.

The expected price range for the next five days is ¥110.36 to ¥112.39, with a 62% probability of a move lower. Multiple indicators signal caution, confirming bearish momentum in the market. The AUD/JPY pair is trading below its 20-, 50-, and 200-day moving averages (¥111.72, ¥112.39, and ¥112.32), with the Ichimoku Kijun at ¥112.32 providing resistance.