The AUD/JPY currency pair hovered near 112.35 during the early European session on Thursday, showing a bearish bias as it remained below the 100-day simple moving average (SMA), according to FX Street.
The Japanese Yen gained ground against the Australian Dollar, driven by trader caution over the possibility of market intervention aimed at supporting the yen. This cautious sentiment kept the pair under pressure, with resistance noted around 112.50.
For Japanese investors, the yen’s stability amid intervention concerns remains a key factor influencing cross-currency moves, especially as the Bank of Japan continues to manage its monetary policy stance in a volatile global environment.