AUD/JPY faces downward pressure, trading near 111.25, as traders position themselves ahead of key Japanese economic indicators and the BoJ policy meeting.
The AUD/JPY pair is currently under downward pressure, trading at 111.25 as market participants adopt a defensive posture. The pair's inability to reclaim the 100-day SMA, combined with the anticipation of critical Japanese economic data and central bank policy decisions, reinforces the prevailing bearish sentiment.
The pair is trading around 111.25 during the early European session.
Markets are awaiting the Tokyo CPI inflation report and the Bank of Japan's interest rate decision on Friday.
The AUD/JPY pair trades lower at 111.25 during Thursday's European session, reflecting a bearish sentiment. Investors remain cautious as they await critical inflation data from Tokyo and the upcoming Bank of Japan interest rate decision scheduled for Friday.
The pair is facing downward pressure due to a bearish technical bias below the 100-day SMA and investor caution ahead of key Japanese economic data.
Traders are closely monitoring the Tokyo Consumer Price Index (CPI) report and the Bank of Japan's interest rate decision, both scheduled for Friday.