FXStreet put the Australian dollar (AUD) near ¥109.30 against the Japanese yen (JPY) on Nov. 10, as Japan’s central bank policy debate over further rate increases remained divided. The outlet’s snapshot at 04:04:13 GMT placed the pair below ¥109.50 and lower for the session.
Japan’s Ministry of Finance (MOF) recorded ¥15,399.3 billion in foreign-exchange intervention from July through September. The ministry’s table assigns ¥7,975.6 billion to July 30, ¥5,552.3 billion to July 31 and ¥1,871.4 billion to Aug. 3, with dollars sold for yen in each operation. A separate MOF report showed ¥0 in intervention from Sept. 29 through Oct. 28. The figures document past activity but do not explain the latest movement in AUD/JPY.
In an Aug. 3 statement, Japan Finance Minister KATAYAMA Satsuki said Japan bought yen in coordination with the U.S. Treasury on July 31, U.S. Eastern Time. She said the action was intended to counter “excessive volatility and disorderly movements” in the yen, and said Japan would “not hesitate to conduct further joint intervention.”
The Bank of Japan (BOJ) set its guideline for the uncollateralized overnight call rate at around 1.25% in an eight-to-one vote at its Oct. 29-30 meeting. Its Nov. 10 Summary of Opinions included support for additional increases as well as calls for caution about timing and economic effects. The summary does not announce a decision on the next rate move.
FXStreet said its AI-assisted chart analysis showed the pair below its 20-day and 100-day simple moving averages, with the 14-day Relative Strength Index near 41. The outlet identified ¥108.85 as support and ¥110.00 as initial resistance. An earlier EconoTimes AUD/JPY snapshot put the pair near ¥110.35 on Oct. 26.
Japan’s July-September gross domestic product estimate is scheduled for 8:50 a.m. JST on Nov. 16 (11:50 p.m. UTC on Nov. 15), followed by national October consumer price data on Nov. 20. The BOJ’s next policy meeting is scheduled for Dec. 17-18.
