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Australian Dollar / Japanese Yen

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AUDJPY trade ideas

AUDJPY - LONG!Potential set up forming here! AUDJPY AUDJPY has been in a bullish movement for a few weeks now. As this move is begging to slow in momentum, we can see a continuation pattern forming; Ascending Triangle. Its important to note that these patterns are no guarantee in where price will move, but we can have a look at some factors which may suggest a bullish move soon. What to Look Out for: - Ensure all moving averages align with the current uptrend - Indicator suggesting bullish movement (MACD) - Looking for a 'straight line' resistance, and a support line where price is increasing (highlighted on the chart) - A strong break out of the resistance zone (marked as 108.58); This is very important as we often see 'fake outs' occur here.
Long
by francesgurton
AUDJPYIn my opinion, the AUD/JPY currency pair is poised to decline in the coming days, continuing until it reaches the marked support level. Several factors contribute to this outlook, including recent economic data, market sentiment, and technical indicators. The Australian dollar may face pressure due to potential dovish signals from the Reserve Bank of Australia, while the Japanese yen could gain strength as a safe-haven asset amid global uncertainties. As a result, I believe that the AUD/JPY pair is likely to move downward in the near term, heading towards the specified support zone.
Short
by CryptoBullTrades
AUDJPYThis market has reached an extreme high not seen since '07. A quick view of this on the Monthly show price eventually dropped 5000 pips. There is a bearish harami pattern forming on the weekly, on the daily a massive bearish engulfing candle has printed.RSI showing divergence on 4hr. There is noticable daily and 4hr imbalance, that i would like to see filled and show a reaction before going short. This would be a counter trend because are still bullish but this could be a good opportunity for big win.
Short
by Red5FX
GOLD and impact of cpi newsXAUUSD has hit all our bullish targets. In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421. bullish targets hit 2385✅✅✅ 2393✅✅✅ 2404✅✅✅ 2421✅✅✅ why xauusd fly high with cpi news? For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy. so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up for more detailed analysis and views follow us boost us
by realmillionairefx
AUDJPY: Give me reasons to leave the rocket!Hello Traders, AUD/JPY has been on a remarkable bullish run, riding the trend within an ascending channel on the daily chart. The price is now approaching the upper boundary of the channel, and while the bulls are in control, we need to watch for signs of exhaustion. Resistance at 110.00 Support at 108.50 (trendline) Next major support at 105.00 (midline of the channel) Keep an eye on how the price reacts at these critical levels. A breakout above 110.00 could lead to new highs, while a failure could mean a potential pullback or consolidation.
Long
by AliSignals
AUD/JPY Trading Signal: Buy OpportunityDirection: Buy Enter Price: 108.742 Take Profit: 108.92066667 Stop Loss: 108.39366667 We have identified a promising buying opportunity for the AUD/JPY currency pair based on current technical analysis and our sophisticated EASY Quantum Ai strategy. Rationale: 1. Support Level Identified: Recent trading patterns suggest a strong support level around the 108.742 mark, indicating a low-risk entry point for a buy position. 2. Upward Momentum: Technical indicators signal upward momentum, with an expected price rise towards the Take Profit level at 108.92066667. 3. Risk Management: Setting a Stop Loss at 108.39366667 helps manage risks by limiting potential downside in case the market moves against the predicted direction. 4. Market Conditions: Positive economic data and favorable geopolitical conditions support the strengthening of the AUD against the JPY, further reinforcing our buy signal. This signal has been generated with the assistance of our proprietary EASY Quantum Ai strategy, which incorporates various market data and advanced algorithms to provide accurate and timely trading signals. Please ensure to perform your own due diligence and consider your risk tolerance before entering the trade. Happy trading!
Long
by ForexRobotEasy
AUDJPY - BUYTrend is up Aussey has been strong all week Points for Strength The AUD/JPY has been strong this week due to several key factors: 1. Rising Commodity Prices - Increases in iron ore and coal prices have boosted the AUD. 2. Interest Rate Differentials - Australia's higher interest rates compared to Japan make the AUD more attractive. 3. Positive Risk Sentiment - Favorable global market conditions have driven investors towards higher-yielding currencies like the AUD. 4. Strong Australian Economic Data - Higher-than-expected inflation and other positive economic indicators have strengthened the AUD. 5. Central Bank Policies - Speculation on future rate cuts by other central banks, while Australia's rates remain stable, supports the AUD. 6. Technical Indicators - The AUD/JPY has been trading at 90-day highs, with bullish technical patterns. 7. Global Market Influence - Strong performance in global markets, particularly US equities, has positively impacted the AUD. These factors collectively contribute to the recent strength of the AUD/JPY pair.
by NZ_Shareman
AUD/JPY Flirting with Record Highs; Eyeing Higher LevelsThe Australian dollar (AUD) is on a tear versus the Japanese yen (JPY) and displays little sign of slowing, with the AUD/JPY currency pair recently refreshing all-time highs of ¥108.60 after rupturing the ¥107.86 peak formed in 2007. All-Time Highs and H4 Ascending Triangle Regarding current price action, ¥107.86 will likely be viewed as a potential support level. Moving across to the H4 timeframe, you will note that after the pairing ventured north of ¥108.00, buyers and sellers have been busy carving out a potential ascending triangle, drawn from ¥108.58 and ¥108.03. In strong trending environments such as what we’re in now on the AUD/JPY, the ascending triangle formation is considered a continuation pattern. This means that a breakout to the upside is potentially on the cards, particularly as price is nearing the apex of the ascending triangle. A breakout to the upside is usually traded in one of two ways: either enter long on a H4 close above the ascending triangle and take aim at the ¥109 region as an initial take-profit objective, or wait and see if price action retests the breached boundary as a support and enter based on that level holding, again targeting ¥109 as an initial upside objective.
Long
by FPMarkets
AUD/JPY Eyes 1991 High After Clearing 2007 HighAUD/JPY may attempt to test the 1991 high (109.70) as it pushes above the opening range for July. AUD/JPY Rate Outlook AUD/JPY continues to register fresh yearly highs after clearing the 2007 high (107.82), with the ongoing rally in the exchange rate keeping Relative Strength Index (RSI) in overbought territory. AUD/JPY may continue to appreciate as the RSI holds above 70, with a breach above the 1991 high (109.70) opening up the 110.10 (61.8% Fibonacci extension) to 110.60 (161.8% Fibonacci extension) region. However, the RSI may show the bullish momentum abating should it struggle to hold above 70, and failure to hold above the 2007 high (107.82) may push AUD/JPY back towards the 105.43 (2013 high) to 105.50 (50% Fibonacci extension) area. --- Written by David Song, Strategist at FOREX.com
by FOREXcom
Why this is currently my favourite pair to trade...AUDJPY is currently my favourite pair to trade due to the Australian Dollar's strength during the summer commodities season, coupled with the Japanese Yen's recent losses. This pair is due to see further gains. The following is my analysis on why I'm bullish on this pair: AUD strength during commodities season - Over 20% of Australia's exports are commodities. If you compare the commodities index (SPGSCI) chart with the Australian Dollar Index (AXY) you will see that both asset classes move in a very similar direction in the mid - long term. Currently Oil prices are expected to continue their gains as we are in the summer months where Oil demand is much higher with a peak expected in September - October. Oil prices have a massive influence the wider commodities prices. As a result, I expect the AUD to maintain stable gains over the next month. JPY weakness and Bank of Japan intervention - The Bank of Japan (BOJ) intervened in the currency markets in 2024 by purchasing Yen to prevent significant losses against the USD. This intervention aimed to stabilise the Yen amidst growing economic pressures and market volatility. Central bank interventions are a short term solution to a long term problem, and the currency usually continues to see losses even after the interventions. We have seen this happen previously when the BOJ intervened in 2022 and Russia when they faced sanctions in 2022 from the war in Ukraine. As a result, I expect JPY to continue its losses. Short term rallies on the Yen will see further opportunity for traders to sell. Risk to consider - The biggest risk with AUDJPY or any currency against the JPY is another BOJ intervention. The BOJ does not release when and at what price they will intervene at. However, once the intervention is complete, prices start to stabilise again before gains continue. Interest rates: Australia Real Interest Rate: 4.35% (Cash Rate) - 3.6% (Inflation Rate) = 0.75 Japan Real Interest Rate: 0.1% (Cash Rate) - 2.8% (Inflation Rate) = -2.7% (Negative Rate) Current interest rate adjusted for inflation is on favour of the AUD (0.75 > -2.7) As AUD rates are higher than Japan's, more money is flowing out of the JPY and into the AUD. Based on this, we can expect AUDJPY to continue moving higher. It's important to know that Japan's inflation rate has been climbing since September 2021. As long as Japan's inflation rate remains high and the interest rate differential is wide, this pair will continue to see gains for at least up until Mid 2025. In summary, I am only looking to buy this pair on intraday plays :)
Long
by TheForexMessiah