The cross trades at 113.00, restrained by Japanese authorities’ readiness to counter excessive currency moves amid JPY pressure.
AUD/JPY remains rangebound near 113.00, a level last seen in September 1990, as persistent Japanese Yen weakness supports the cross while intervention risks cap gains. The pair eased from an intraday high of 113.44, holding below its 50-day SMA at 113.63.
USD/JPY trades near 161.50, close to its weakest since 1986, reviving concerns over potential Japanese intervention. Finance Minister Satsuki Katayama reiterated authorities’ readiness to act against excessive currency volatility. Wide interest-rate differentials between the Bank of Japan and other central banks continue to weigh on the Yen.
Traders are focused on upcoming economic data, including Australia’s CPI and labor market figures, alongside Tokyo inflation data, which may influence near-term price action in AUD/JPY.