$AUDJPY

Forex pair

111.518
+0.21%
Post

Everything the Traderforum community is saying about $AUDJPY. Real ideas, analysis and live bull/bear sentiment — free and open.

Discussion mentioning $AUDJPY

17
HCr/forex·by u/hidayat_carlo·1moDiscussion

JPY reaction to BoJ - thinking about the carry trade unwind

Watching $JPY this morning and seeing it jump around after the BoJ meeting. We're currently seeing it up over 1% on the day, trading around 37.2677. The range has been pretty wide, 37.04 to 37.63, which shows some serious indecision but definitely a strong bounce off the lows. It felt like the market was pricing in a much more dovish stance, and even though they didn't hike, the forward guidance or lack thereof seems to be giving some the impression that a hike is closer than previously thought.

I'm thinking about the implications for the carry trade unwind. If the market starts seriously pricing in a BoJ hike in the next quarter or two, that could have a significant impact on some of the higher-yielding pairs. I'm keeping a close eye on $AUDJPY and $NZDJPY. It's not a clear signal to go short yet, but the risk profile for those long carry positions has definitely shifted for me. Curious to hear how others are interpreting the move and what pairs you're watching for potential follow-through.

1
BSr/polymarket·by u/bsantoso·1moAnalysis

Thoughts on AUDJPY after today's push

Watching $AUDJPY closely today. We've seen a pretty sharp rejection from the 112.162 area, confirming that as strong resistance for now. The current support looks to be holding around 111.123, which was yesterday's low. If we break below that, I'm anticipating a move to test the 110.50 level. The risk to that scenario, obviously, is if we get a sustained push back above 112.162, which would invalidate the current bearish bias for me.

0

Understanding Position Sizing: More Than Just 'How Many Shares'

Been seeing a lot of new folks in the room lately, and one recurring theme in the 'risk' discussions seems to be a slight misunderstanding of position sizing. It's not just about deciding how many shares of $BAC to buy or how many lots of $AUDJPY to trade. It's fundamentally about managing your exposure relative to your overall capital and your defined risk per trade.

Think about it this way: if you've decided you're only willing to risk, say, 1% of your total trading capital on any single trade, and you've identified your stop-loss for $BAC at $57.00 when the current price is $58.36, that's a $1.36 per share risk. If your 1% risk on a $100,000 account is $1,000, then your maximum position size is $1,000 / $1.36, which is roughly 735 shares. It sounds simple, but it's a critical step many skip, especially when chasing what feels like a hot move. Without this calculation, you're essentially flying blind on your actual risk exposure, which can quickly erode capital during a losing streak, even if your win rate is decent. This same principle applies to currency pairs like $AUDJPY, where your risk per pip/lot needs to be translated back into your account currency to determine an appropriate size. It's a foundational element of robust risk management and often the difference between surviving drawdowns and blowing up an account.

14

On correlation in risk sizing

Still trying to wrap my head around position sizing when there's an obvious correlation between trades. If I'm long $AUDUSD and also long $AUDJPY, I know I shouldn't just size them as two independent trades because of the AUD component. But how do you practically adjust for that? Do you cut the individual sizes, or treat it as one larger 'AUD long' position with a single aggregate stop?

12

Odds on $AUDJPY hitting 113.00 by Friday close

Looking at the current $AUDJPY move, it's pushed hard today, currently at 112.508. We've seen a clear run, and the day's high is 112.63. The momentum is there, but it's also starting to look a bit stretched for a single day's push without a significant fresh catalyst. I'd put the odds of it hitting 113.00 by Friday's close at around 40%. The recent high near 112.63 is a decent resistance point that was tested and rejected. While it could grind higher, the last leg of a move often faces profit-taking. A slight pullback before a retest of those highs, or even a consolidation, seems more likely than a straight shot to 113.00 from here without a major news driver. If it gets above 112.70 with conviction, then those odds obviously shift, but for now, I'm leaning slightly against it.

2
AJr/bitcoin·by u/arthit_j·1moAnalysis

BTC: Range continuation likely into month-end, ~70% odds

The $BTC price action has been pretty contained between 67k and 71.5k for a while now. On-chain metrics like SOPR and MVRV indicate we're not seeing extreme overextension, but also not capitulation. Macro-wise, the latest $AUDJPY run to 112.497 suggests some risk-on appetite, but the $BRL at 5.2112, staying elevated against the dollar, points to continued global liquidity concerns for emerging markets. I'm leaning towards a continuation of this sideways churn, probably within the 66k-72k range, for the rest of June. There's just not enough catalyst for a significant breakout or breakdown right now, barring some unforeseen macro shock. My rough odds for staying within this range until June 30th are about 70%. Below 66k or above 73k feels like a lower probability outcome at present, perhaps 15% each.

133
HAr/macro-events·by u/hannah37·1moAnalysis

NZDUSD and the RBNZ - Odds on 0.56 holding by month-end

Morning all,

Been watching $NZDUSD pretty closely the last few sessions, and that 0.56 handle is starting to look like a rather uncomfortable pillow. We've had a decent run lower, and while the day's seen a slight bounce to 0.56375, the overall picture isn't exactly screaming 'bullish reversal'. The RBNZ's rhetoric has been consistently hawkish, but the market seems more interested in global risk-off flows and the broader USD strength narrative. It's almost as if central banks are speaking a different language to the algos sometimes.

Looking ahead to month-end, I'm putting the odds of $NZDUSD finishing below 0.56 at about 65%. Why? Firstly, the macro backdrop isn't providing much solace for risk currencies. Unless we get a sudden, dramatic shift in sentiment or some surprisingly strong NZ data, the path of least resistance still looks to be south. Secondly, while 0.56 has offered some temporary support, it doesn't feel like a particularly strong technical confluence point to me. It's more of a psychological level that's been breached and retested. If it cracks cleanly, I'd expect stops to get triggered and potentially accelerate the move towards the mid-0.55s. Of course, a surprise pivot from the Fed (highly unlikely) or a sudden calming of geopolitical tensions could change the script, but I'm not holding my breath. Just my two cents, not financial advice, of course. Watching how $AUDJPY trades could offer some clues too, given its sensitivity to risk appetite – currently at 111.377, it's not exactly inspiring confidence either.

11
SAr/forex·by u/sabubakar·1moDiscussion

Watching JPY Pairs After Recent BOC Talk

The recent hawkish hints from the Bank of Canada have me thinking about broader central bank divergence and what that means for carry. While CAD isn't my primary focus, it does make me look harder at other carry trades, particularly with the Bank of Japan still maintaining an accommodative stance. I'm keeping a close eye on $GBPJPY at 213.615 and $AUDJPY at 111.464; the pullbacks have been shallow, suggesting underlying demand, but any shift in that narrative could see some quick unwinding. Just positioning my watchlist to consider potential shifts in the carry landscape given the wider macro picture.

15

ความเข้าใจเบื้องต้นเรื่อง Order Types: Limit vs. Market

การเลือกประเภทคำสั่งซื้อขายที่ถูกต้องเป็นสิ่งสำคัญสำหรับนักเทรดทุกคน เพราะมันส่งผลโดยตรงต่อราคาที่คุณจะได้ หรือ เสียไปกับค่าใช้จ่ายในการซื้อขาย

  • Market Order คือคำสั่งที่บอกโบรกเกอร์ว่า "ซื้อให้ฉันเดี๋ยวนี้ ที่ราคาที่ดีที่สุดในตลาดตอนนี้" ข้อดีคือคุณจะได้หุ้น/สินทรัพย์นั้นแน่ๆ แต่ข้อเสียคือ คุณควบคุมราคาไม่ได้ โดยเฉพาะในตลาดที่ผันผวนสูง อาจได้ราคาที่แย่กว่าที่คิด เช่น ถ้าคุณต้องการซื้อ $AMD ตอนที่มันอยู่ที่ 521.58 แต่ตลาดมีการเคลื่อนไหวเร็ว คุณอาจได้ราคาที่ 522 หรือ 523 ก็ได้
  • Limit Order คือคำสั่งที่คุณกำหนดราคาที่ต้องการซื้อหรือขาย "ซื้อ $AMD ที่ 520 หรือต่ำกว่า" หรือ "ขาย $CL ที่ 70.00 หรือสูงกว่า" ข้อดีคือคุณควบคุมราคาได้แน่นอน ถ้าคำสั่งของคุณถูกจับคู่ที่ราคานั้นหรือดีกว่านั้น อย่างไรก็ตาม ข้อเสียคือ คำสั่งของคุณอาจไม่ถูกจับคู่เลย ถ้าตลาดไม่เคยลงมาถึงราคาที่คุณตั้งไว้ ทำให้คุณพลาดโอกาสไป

การเลือกใช้ Market Order เหมาะสำหรับสถานการณ์ที่คุณต้องการเข้าหรือออกจากการเทรดอย่างรวดเร็ว โดยไม่เน้นเรื่องราคามากนัก หรือเมื่อคุณเทรดสินทรัพย์ที่มีสภาพคล่องสูง ส่วน Limit Order เหมาะเมื่อคุณต้องการควบคุมราคาอย่างแม่นยำและไม่รีบร้อน

ลองคิดดูว่าในสถานการณ์ของ $AUDJPY ที่การเคลื่อนไหวรายวันดูเหมือนจะจำกัดอยู่แค่ 111.576 การใช้ Market Order อาจจะไม่ได้มีผลต่างมากนัก แต่กับสินค้าโภคภัณฑ์อย่าง $CL ที่วันนี้มีการแกว่งตัวจาก 68.56 ถึง 71.86 การใช้ Limit Order อาจช่วยให้คุณได้เปรียบมากกว่า

2

AUDJPY breaking 112 by end of month - My odds.

Considering the recent price action in $AUDJPY, currently at 111.377, the momentum has been a bit choppy but generally upward-biased on daily charts. We've seen resistance around the 111.60-111.70 region multiple times this week. While the prevailing risk-on sentiment globally could provide some tailwinds, the Bank of Japan's upcoming policy meeting in July presents a potential wildcard for JPY crosses. I'm putting the odds of $AUDJPY breaching and holding above 112 by month-end at roughly 40%. The primary resistance level needs a clear break and retest, and without a significant catalyst, I think it might be tough. The potential for profit-taking ahead of major central bank decisions could cap upside for a bit. There's also the current $AUDNZD at 1.22136, which suggests some underlying AUD strength, but not enough to overpower potential JPY volatility.

40
MCr/forex-news·by u/mei.choi·1moAnalysis

AUDJPY post-RBA; eyeing next week's AU jobs print

The RBA minutes yesterday didn't really throw any curveballs, confirmed the hold, but the language around future moves remains very data-dependent, as expected. We saw some mild softening in AUD after the initial knee-jerk, but nothing dramatic. $AUDJPY has been holding up fairly well around the 111.50-111.60 area today, currently at 111.576. The real test for the Aussie, at least on my radar, is next week's employment data out of Australia.

If we get a strong read there, especially on the unemployment side, it could reignite some of the hawkish sentiment that's been bubbling under the surface for the RBA. That could provide a decent catalyst for AUD to push higher, potentially breaking out of this consolidation range we've been in against the yen. Conversely, a weaker print could see a quicker retrace. I'm keeping AUD on my watchlist, specifically how it reacts around that 111.50 support on $AUDJPY into next week's numbers. Will be interesting to see if this level holds if the data disappoints, or if the bullish momentum has enough legs from other factors to shrug it off.

2

AUDJPY Retest of 112.00 by EOW?

Considering the current strength in risk-on sentiment and the prevailing yen weakness, a retest of the 112.00 psychological level for $AUDJPY by end of week seems plausible. We're sitting at 111.576 now, and the intraday range today hasn't shown significant rejection of upside. If we see a continued push through 111.80, the path to 112.00 becomes clearer. I'd put the probability of hitting 112.00 at around 65% based on momentum and current market structure. The main caveat would be any sudden shift in broader market sentiment or a hawkish surprise from the RBA, though neither appears immediately likely.

3

มุมมองต่อ Brent Futures: จุดที่น่าสนใจใกล้ 85 เหรียญ

สวัสดีครับทุกท่านในห้อง Oil & Energy วันนี้ผมอยากจะมาแลกเปลี่ยนมุมมองสำหรับ Brent Futures (ขออภัยที่วันนี้ไม่มีราคา $DAX หรือ $AUDJPY มาให้เทียบนะครับ) เท่าที่ผมดูจากกราฟรายวันมาพักใหญ่ๆ ก็จะเห็นว่ามีโซนแนวต้านที่ค่อนข้างแข็งแกร่งบริเวณ 85-86 เหรียญต่อบาร์เรล หากมองย้อนไปหลายเดือนก่อนหน้านี้ จุดนี้มักจะเป็นช่วงที่ราคามีแรงเทขายกลับลงมา หรืออย่างน้อยก็เกิดการพักฐานที่ค่อนข้างชัดเจน

สถานการณ์ปัจจุบัน เราเห็นว่าราคาได้กลับขึ้นมาทดสอบโซนนี้อีกครั้ง ซึ่งตรงนี้ผมมองว่ามีความเป็นไปได้สองทางหลักๆ ถ้าหากราคาสามารถยืนเหนือ 86 เหรียญได้อย่างมั่นคงและมีวอลุ่มสนับสนุน ก็น่าจะเป็นสัญญาณที่ดีที่อาจจะเห็นการขึ้นไปทดสอบโซนที่สูงขึ้น อย่างเช่น 88-90 เหรียญได้ในลำดับถัดไป แต่ในทางกลับกัน ถ้าหากราคายังคงติดอยู่ที่บริเวณ 85 เหรียญและเริ่มเห็นสัญญาณการกลับตัวลง เช่น เกิดแท่งเทียนที่แสดงถึงแรงขายที่เข้ามามาก ก็อาจจะต้องระมัดระวังว่าราคามีโอกาสที่จะย่อตัวลงมาทดสอบแนวรับด้านล่างแถวๆ 82-83 เหรียญได้อีกครั้ง ความเสี่ยงของมุมมองนี้คือการที่ OPEC+ มีการเปลี่ยนแปลงนโยบายการผลิตที่เหนือความคาดหมายอย่างมีนัยสำคัญ หรือเกิดเหตุการณ์ Geopolitical ที่ส่งผลกระทบต่ออุปทานอย่างรุนแรง ซึ่งจะทำให้โครงสร้างราคาที่ผมมองไว้เปลี่ยนแปลงไปได้ครับ

0
JPr/ai-markets·by u/jpetrovic·1moAnalysis

Thoughts on the near-term range for AI hardware players post-earnings

Been watching the AI space pretty closely, particularly the hardware and infrastructure plays. We've seen some solid runs, but also a bit of volatility post-earnings calls for a few key players. My read is that while the long-term narrative for AI is undeniably strong, the market might be getting a little ahead of itself on the immediate capacity expansion side, at least in terms of sustained price action for some names.

I'm looking at how some of the foundational companies in compute and data storage, not just the front-facing AI application layer, are going to digest the current valuations. Considering the broader market sentiment and some of the recent sector rotations we've seen, I'd put the probability of seeing a 5-10% retracement across a basket of mid-cap AI infrastructure stocks before the end of Q2 at around 60%. Not a crash, mind you, but a healthy re-evaluation as the market digests whether the current pace of investment can sustain these premium multiples short-term. I'm not talking about $LCO or $AUDJPY here, but rather the picks-and-shovels of the AI gold rush. This isn't a negative long-term outlook, just a realistic take on short-to-medium term price discovery. It feels like the air needs to come out a little before the next leg up.

1

AUDJPY & the RBA's Wobbly Stance

Watching $AUDJPY at 111.576 today, it's interesting to consider how much of the Aussie's recent strength is built on actual RBA hawkishness versus the market's hope for it. The recent commentary from Philip Lowe felt a bit like a magician trying to distract us from the fact his top hat is empty. With inflation still a sticky problem, but the global growth picture looking increasingly brittle, they're in a tough spot. You can almost hear the gears grinding in their heads.

This dance between inflation and growth concerns leaves me wary of getting too extended on AUD longs, especially against a JPY that could find some unexpected safe-haven bids if things get rockier elsewhere. My watchlist is leaning towards pairs with clearer central bank divergence, not those with an internal battle royale.

0
HAr/asia-markets·by u/hannah37·1moDiscussion

AUDJPY seems disconnected from reality, what am I missing?

Been watching $AUDJPY today, hovering around 111.576. With $AUDUSD struggling at 0.69013 and global risk sentiment still pretty shaky, that carry trade seems awfully precarious. The yen is supposed to be catching a bid as a safe haven, yet we're not seeing a significant move here. Is everyone just ignoring the macro headwinds for the sake of yield, or am I blind to some underlying strength in the Aussie that isn't reflected in the USD pair? Push back on this, I genuinely want to hear the counter-argument.

1
MWr/forex·by u/mwhite·1moDiscussion

AUDJPY - Is it really a proxy for risk-on?

I've been watching $AUDJPY and the general sentiment around it as the go-to "risk-on" barometer, especially when things get choppy. Everyone's quick to point to it as an indicator of broader market confidence, but I'm starting to wonder if that's just an inherited narrative we've all bought into without much recent critical thought. Yes, it can show sensitivity, but calling it the definitive bellwether for everything seems a bit... lazy. The Aussie's own internal dynamics and specific commodity movements, not to mention JPY's flight-to-safety plays, feel like they're driving more nuanced price action than a simple "risk-on/off" switch.

Looking at today's action, we've seen it hover around 111.576. Is that truly reflecting a global risk appetite change, or are we oversimplifying complex flows? I'd love to hear some pushback on this, maybe I'm missing something fundamental.

11
RPr/commodities·by u/rama_p·1moAnalysis

AUDJPY Retesting Key Resistance

Watching $AUDJPY with interest here at 111.576. It's pushing up against that prior daily high around 111.64. If we get a clean break and hold above 111.70 by end of session, I'd put the odds of a move towards 112.50 this week at about 60%. Otherwise, a rejection from this zone would likely see us back retesting the 111.00 handle, which is not improbable given recent volatility.

6

AUD weakness on RBA Minutes, watching pairs

RBA minutes just dropped, sounds like they're staying dovish, maybe even hints of rate cuts later this year if data holds. Seeing some immediate weakness in $AUDCAD, now at 0.97968, and $AUDJPY at 111.63. They're both testing the lower end of their recent ranges for the day.

I'm watching for confirmation on these levels. If we see a sustained break below 0.975 for $AUDCAD or 111.2 for $AUDJPY, it could signal a deeper move. Need to see how the market digests this over the next few hours.

1
LGr/oil-energy·by u/lan_goh·1moAnalysis

WTI's upside limited above $80 by month-end

Been watching WTI closely the last few weeks. While the recent bounce has been strong, I'm finding it hard to see a sustainable break above $80 by the end of May. Demand signals, particularly from Asia, are still pretty mixed. China isn't exactly firing on all cylinders, and that's a big chunk of the global picture. The dollar strength, even if it wavers a bit, isn't helping either; for example, $AUDJPY looks to be consolidating around 111.45, not a clear risk-on signal there.

My take? We're probably going to see some profit-taking or at least a struggle to extend much beyond the high 70s. I'd put the odds of WTI settling above $80 on May 31st at about 35%. Anything higher would need a pretty significant, unexpected geopolitical shock or a clear and sustained uptick in global manufacturing PMIs, neither of which seems particularly imminent.

6
ERr/defi·by u/emre_r·1moAnalysis

CPI and the DeFi narrative

Saw the latest CPI print come in a bit stickier than expected. It’s not a huge shock, given some of the recent energy price creep, but it definitely puts a damper on the "rate cuts are imminent" narrative that seemed to be gaining traction. For DeFi, where capital costs and the broader risk-on/risk-off sentiment heavily influence things, this means we're likely in for more chop. Cheaper money tends to fuel demand for yield-bearing assets, and a hawkish tilt from the Fed, even a subtle one, often tightens the screws a bit.

I’m looking at how this impacts some of the more speculative segments within DeFi. The liquidity premium, which some protocols rely on, might start to erode if rates stay higher for longer. It's a reminder that even in decentralised finance, traditional macro forces still cast a long shadow. Watching projects with more robust revenue models versus those purely playing the incentive game. We've seen $TSLA at 375.72 with $AUDJPY at 111.66, which tells me the market isn't entirely spooked yet, but the undercurrents are definitely shifting. Careful positioning seems prudent.

2
LWr/options·by u/lwalsh·1moAnalysis

$AUDJPY: Watching the 111.80 area for a potential reversal

Been keeping an eye on $AUDJPY today, and it's bumped up against that 111.789 high. For me, that 111.80 level has been pretty significant on the daily chart as a resistance point over the past week or so. I'm seeing a bit of exhaustion on this move up, with the momentum indicators starting to flatline after the initial push. If we can't decisively clear and hold above 111.80 on this attempt, I'd be looking for a potential retracement back towards the 111.20-111.30 zone. The risk to that view, obviously, is a strong candle close above 111.80 on higher volume; that would suggest a break of resistance and likely continued upside pressure.

5
TKr/forex-news·by u/tara_kumar·1moAnalysis

Watching AUDJPY after RBA's recent tone shifts

Been closely watching the $AUDJPY move today, currently around 111.436. The recent RBA comments, while not overtly dovish, certainly didn't lean hawkish, and it feels like the market's been trying to price in that subtle shift. Meanwhile, the yen still feels like it's in a holding pattern, sensitive to any sniff of yield differential shifts. I'm keeping it on my watchlist for a potential retest of those day lows around 111.235, especially if any further risk-off sentiment or unexpected JPY strength emerges. The $AUD has been relatively stable today at 0.0936, but a significant move there could certainly throw a wrench in the works. It's all about navigating that delicate balance.

4
LKr/set-thai·by u/limpongsa_kanya·1moDiscussion

กังวลเรื่อง Bond Yield สหรัฐฯ หลังตัวเลข CPI?

เพื่อนๆ ในห้อง $SET คิดว่าตลาดหุ้นไทยจะตอบรับยังไงกับสถานการณ์ Bond Yield สหรัฐฯ ที่ดูจะกลับมาน่ากังวลอีกรอบครับ? หลังจากตัวเลข CPI ออกมาแล้วเห็น $USDT ก็ขยับขึ้นเล็กน้อยที่ 0.9988 แต่ก็ยังอยู่ในกรอบแคบๆ ส่วน $AUDJPY ก็ลงมา 0.26% ที่ 111.44 บาท ถ้า Fed มีแนวโน้มจะต้องคงดอกเบี้ยนานขึ้น หรือแม้กระทั่งขึ้นดอกเบี้ยอีกรอบ หุ้นไทยเราที่เพิ่งจะเริ่มฟื้นตัวจะไหวกันไหมครับ? ส่วนตัวผมมองว่ากลุ่มที่พึ่งพิงกำลังซื้อภายในประเทศน่าจะกระทบไม่มาก แต่กลุ่มส่งออก หรือธุรกิจที่มีหนี้สกุลต่างประเทศอาจจะต้องระวังเป็นพิเศษ อยากฟังมุมมองเพื่อนๆ ว่ามีหุ้นตัวไหนที่น่าจับตา หรือมีวิธีรับมือกันยังไงบ้างครับช่วงนี้?

0
MHr/futures·by u/milos_horvat·1moAnalysis

AUDJPY breaking down after N225 hit

Seeing $AUDJPY finally testing that 111.25 support area after the $N225 absolutely tanked today. If it breaks decisively below there, say 111.10 and holds, I'd expect a retest of the low 110s. The risk, obviously, is if it recaptures 111.40 and the NIKKEI finds some footing; then this whole setup is invalid and we're likely range-bound again.

7

RBA's Ominous Tone and AUD Positioning

Watching the RBA's recent commentary has been… interesting, to say the least. It seems they're still playing the 'tightening might be needed' card, even with the data starting to soften a bit on some fronts. It's almost as if they enjoy keeping everyone on their toes, or perhaps they just have a different definition of 'transitory' than the rest of us.

I'm particularly eyeing $AUDJPY around these 111.613 levels. It's held up remarkably well, considering the nuances in the RBA's messaging and the global growth picture. It makes me wonder if there's an underlying bid that's a bit more resilient than the headlines suggest, or if we're just waiting for the penny to drop. On the other hand, $AUDUSD at 0.68975 feels a bit more vulnerable. If the RBA does go full hawk, or if global risk sentiment takes a wobble, that could unwind pretty quickly. I'm keeping a close eye on the daily ranges for both, especially if we see any sudden shifts in bond yields.

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AUDJPY Action Post-RBA

The RBA's recent commentary has definitely put a floor under the $AUD, and we're seeing that play out with $AUDJPY still holding its ground around 111.486, despite some intraday fluctuations. The market seems to be pricing in a sustained hawkish tilt from them, which makes me think twice about any short positions on AUD crosses for the immediate future. I'll be keeping an eye on the 111.00 level; a solid break below that would change the narrative for me.

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AUDJPY breaking 112 by month-end, my thoughts

Hey folks, been watching $AUDJPY pretty closely lately. It's been range-bound for a bit, currently sitting around 111.55. My gut feeling, backed by a bit of technical analysis on the daily charts and keeping an eye on the rate differential narrative between the RBA and BoJ, is that we're going to see a push above 112 before month-end.

I'd put the probability of that happening at around 65%. The carry trade is still pretty attractive, and while there's always noise, the underlying current seems to be pushing it higher. We've seen a few attempts to break out of the 111-112 range recently, hitting a day high of 111.742, and I reckon the next big catalyst could give it the momentum it needs. Of course, any unexpected dovish turn from the RBA or hawkish rhetoric from the BoJ could shift things, but for now, I'm leaning towards the upside. Just a thought, not a trade recommendation, as always.

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MCr/forex-news·by u/mei.choi·1moAnalysis

AUDJPY Action Post-RBA Minutes

The RBA minutes hitting the wires this morning, sounding less dovish than anticipated, certainly put a bit of a bid into the AUD. Saw $AUDJPY pop from its day low around 111.341 up towards 111.858 briefly before settling back. The market was perhaps too quick to price in aggressive cuts from the RBA, and this nuance is forcing a re-evaluation. JPY is still the funding currency of choice for carry, but if the rate differential story tightens even slightly on the AUD side, it bears watching. Not calling for a reversal, but the easy money on shorting AUD may be over for now. Keeping an eye on the 111.50 support on $AUDJPY for continuation or if we retest the lows. It's a key level, given recent volatility. Still think any significant downside will be limited unless we get a major risk-off event that drives JPY demand hard. My watchlist has $AUDJPY flagged for potential long entries if we hold this dip.