AUD/JPY Holds Steady Around 96.65 as Traders Stay Cautious
The AUD/JPY pair is staying near 96.60–96.65 levels with only small changes seen today. Traders are being careful and waiting for more direction before making big moves.
The Japanese Yen remains weak as the Bank of Japan is not expected to raise interest rates anytime soon. Political uncertainty in Japan and possible new U.S. tariffs are also putting pressure on the Yen. These factors are helping the AUD/JPY pair stay stable.
On the other hand, the Australian Dollar (AUD) is getting support from China’s strong economic data. China’s economy grew by 5.2% in the second quarter, which was better than expected. Its retail sales and industrial production numbers were also strong. Since Australia has close trade ties with China, this helps keep AUD stronger.
Technically, AUD/JPY is not showing big moves. If it rises, it could face resistance near 97.00. If it falls, support is likely around 96.15, and more support can be seen near the 50-day moving average. So far, big drops seem limited unless new negative news appears.
Impact :
If China’s economy stays strong, AUD/JPY could slowly move higher. But if tensions grow between the U.S. and Japan, the Yen might gain slightly, pulling the pair lower.