The pair gains 0.14% to 114.17 but stalls as Japanese intervention fears and flat RSI curb upside momentum.
The Australian Dollar rose 0.14% against the Japanese Yen to 114.17, supported by improved risk appetite and a weaker safe-haven Yen. The cross-pair hit a daily low of 113.78 before recovering but remains capped by fears of potential FX intervention by Japanese authorities.
Technical indicators show the uptrend intact, with resistance at the year-to-date high of 114.74. A break above could target 115.00 and 115.50. However, the Relative Strength Index has flattened, suggesting waning buyer momentum and caution among traders.
Support levels sit at 114.00, followed by the 20-day SMA at 113.63 and the 50-day SMA at 112.77. Market focus remains on intervention risks and RSI trends for directional cues.