The Australian dollar rose against the yen in the Reserve Bank of Australia’s Oct. 19 reference rate, while chart analysis placed ¥112.00 beyond several nearer resistance levels.
The RBA recorded ¥110.27 per Australian dollar on Oct. 19, up from ¥109.67 on Oct. 16. The RBA calculates most non-U.S.-dollar rates from market observations around 1 a.m. ET (05:00 UTC), or 4 p.m. Sydney time. The European Central Bank’s separate Oct. 19 reference rates imply about ¥110.55 per Australian dollar, based on quotes of ¥177.63 and A$1.6068 per euro. That is a separate reference observation, not a second measure of the RBA’s change between dates.
In an article published at 5:41 p.m. EDT (21:41 GMT) Monday, FXStreet reported AUD/JPY at ¥110.64, up 0.88% at the time of writing. That was an intraday reading, not a daily closing return. Investing.com listed Monday’s session high at ¥110.81, below the first resistance level in the chart analysis.
An earlier FOREX.com analysis described a potential falling wedge on a four-hour chart. It noted a stronger short-period relationship between AUD/JPY and Australian-Japanese yield spreads than with cyclical assets, while cautioning that its observation covered a short period. That analysis did not establish the spreads as the cause of the Oct. 19 gain.
Christian Borjon Valencia, an FXStreet analyst, said AUD/JPY had moved above the resistance trendline of a falling wedge. He identified ¥111.13 as the first resistance level, followed by ¥111.64 to ¥111.71, where the 50-day and 200-day simple moving averages converge. Those averages track prices over the prior 50 and 200 days, respectively. His chart placed ¥112.00 beyond that band, then the 100-day average at ¥112.19. For a pullback, he marked ¥110.00 as initial support, with another range between ¥109.00 and ¥109.30. These are chart-based judgments, distinct from the RBA and ECB reference rates.
