{
  "type": "article",
  "title": "AUD/JPY Price Forecast: Declines to near 114.50, but maintains bullish tone above 100-day SMA",
  "summary": "The AUD/JPY currency pair drifted lower toward 114.50 during early European trading on Monday. However, it retains its constructive bullish outlook while holding above the 100-day SMA alongside supportive RSI momentum.",
  "content": "The AUD/JPY currency pair drifted lower during Monday's early European session, sliding closer to the 114.50 threshold. Despite this mild downward movement, the underlying positive outlook of the cross remains firmly intact, supported by its position above the 100-day simple moving average and ongoing bullish momentum in the relative strength index.\n\nTechnical Indicators and Resistance Levels\nOn the daily chart, AUD/JPY preserves a bullish near-term bias as spot prices continue to hold above the 100-day simple moving average and the Bollinger middle band. Price action is currently pressing into the upper half of the Bollinger envelope, where the upper band serves as an immediate overhead supply level. Furthermore, the 14-day Relative Strength Index sits at 63.27 in positive territory, pointing toward sustained buying pressure rather than an outright overbought market condition.\n\nDownside Support and Key Targets\nOn the downside, initial demand and the first notable support level are identified at the August 26 low of 113.66. The subsequent contention level rests at the 100-day SMA near 113.25, which is closely followed by the Bollinger middle band positioned at 113.00. These thresholds are expected to offer strong technical backing should the downward correction extend further.\n\nUpside Hurdles and Breakout Potential\nOn the topside, any sustained follow-through buying above the August 26 high of 114.96 would pave the way for a move toward the Bollinger upper band at 115.20. Following that, the next major hurdle for market participants to monitor is the key psychological level situated at 116.00.\n\nBroader Market Factors and Central Bank Policy\nExternal factors such as upbeat Manufacturing Purchasing Managers Index data from China could offer foundational support to the China-proxy Australian Dollar, given that China remains a primary trading partner for Australia. Meanwhile, analysts at Societe Generale note that recent inflation dynamics, comprising softer non-fresh food prices alongside firmer services costs, continue to validate the Bank of Japan's hawkish policy path, reinforcing expectations of continued monetary tightening.\n\nBroader Foreign Exchange and Commodity Movements\nIn other currency markets, the GBP/USD pair extended its weekly correction toward the 1.3530 zone on Friday, facing increased selling pressure due to a resurgent Greenback following notable commentary at the Jackson Hole Symposium and US nonfarm payroll revisions. Similarly, the EUR/USD pair accelerated its retreat toward seven-day troughs below the 1.1600 region. Gold resumed its steep downward trajectory early Monday as NFP week commenced, while Bitcoin maintained trading above $77,000, sustaining monthly gains exceeding 20%. In energy markets, the US diesel crack spread recently surged past $100 per barrel for the first time, notching an intraday record just above $102.00.\n\nWhat this means for you\nFluctuations in the AUD/JPY currency pair and broader foreign exchange movements directly impact international trade dynamics, currency conversion rates, and global asset pricing.\n\n• Across India: Currency traders and investors should exercise caution and closely monitor cross-currency exposures amid shifting global macroeconomic indicators and central bank policies.\n• In Forex Trading: Market participants tracking the pair near 114.50 should closely monitor the 113.66 support and 114.96 resistance levels to manage short-term entry and exit strategies effectively.\n\nQuestions & Answers\n\n1. What level is the AUD/JPY currency pair trading near?\nThe AUD/JPY currency pair is currently trading near the 114.50 level during the early European session.\n\n2. What is the initial downside support level for AUD/JPY?\nThe initial downside support level is seen at the August 26 low of 113.66.\n\n3. What is the immediate resistance level for the pair?\nThe immediate resistance level emerges at the August 26 high of 114.96.\n\n4. Where does the 14-day RSI currently stand?\nThe 14-day Relative Strength Index stands at 63.27 in positive territory, indicating sustained buying momentum.",
  "url": "https://trendkia.com/en/market/aud-jpy-price-forecast-declines-to-near-114-50-but-maintains-bullish-tone-above-100-day-sma-24906",
  "category": "Market",
  "publishedAt": "2026-08-31",
  "tags": [
    "AUD/JPY",
    "Forex",
    "Technical Analysis",
    "RSI",
    "Currency Market",
    "Canadian Dollar",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}