Japan's Intervention Puts Brakes on Aussie Yen Rally

The Australian Dollar (AUD) has been trading at ¥112.58 against the Japanese Yen (JPY), experiencing a modest decline for the session.

This comes as Japan's Ministry of Finance and the Bank of Japan accessed the US Federal Reserve's FIMA Repo Facility to support the yen by supplying targeted dollar liquidity.

The official intervention aims to stabilize the yen and manage currency volatility in the FX market.

AUD/JPY is trading below its key moving averages, with technical signals confirming heavy downside pressure.

The pair is expected to consolidate within a narrow volatility band defined by ¥111.98 as support and ¥113.1 as resistance.