AUD/JPY rebounds from weekly highs and ends the week with a minimal loss of 0.07%. The Japanese authorities intervened in the currency market to strengthen the Japanese yen. AUD / JPY Price Forecast: The pair is bullish neutral on a daily basis, but is range-bound in the near term, so caution is warranted. AUD / JPY rose broadly after the Japanese authorities intervened in the forex market. The risk-perceived cross pair touched an intraday high of around 95.73 before falling to its daily low of 93.08. At the time of writing, AUD/JPY is trading at 93.80, down 0. 9% from its opening price. AUD/JPY PRICE CHART Friday’s session was volatile with AUD/JPY moving from neutral to neutral as seen on the daily chart. When the pair crossed the intraday highs, it capped the 50-day and 100-day exponential moving averages (EMA) at 9 .57 and 9 .20, respectively, revealing the 20-day EMA. Notably, AUD/JPY was last higher at 93.22, but moved to current rates, keeping the pair range-bound. As market participants prepare for the weekend, the lack of a catalyst may keep AUD/JPSD trading within the limits set by the daily EMAs. Therefore, the key resistance is 9 .20 and 9 .57 for the 100 and 50 EMA before the 95.00 indicator. On the upside, AUD/JPY’s first support would be at the 20-day EMA at 93.22, ahead of the weekly low of 93.08. AUD/JPY Daily Chart The short-term AUD/JPY hourly chart has no direction, so traders better stay on the side until the dust settles. For the worried, the first resistance of AUD/JPY is the daily pivot at 9 .27, followed by 95.00, before the R2 pivot at 95.16. On the upside, key support levels for AUD/JPY would be 9 .00, followed by the daily pivot S1 at 93.86 before the 200-EMA at 93.18.

James Rogers

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