Thursday, October 15, 2026

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FxWirePro: AUD/JPY breaks below key support at 85.70, bias lower

AUD/JPY has breached key support at 85.70 and has edged lower to hit session lows at 85.43. Renewed bout of risk aversion in the Asian markets sending the Japanese stocks deeper in the red amid strengthening yen. BOJ pol…

By FxWire Pro
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FxWirePro: AUD/JPY breaks below key support at 85.70, bias lower
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  • AUD/JPY has breached key support at 85.70 and has edged lower to hit session lows at 85.43.
     
  • Renewed bout of risk aversion in the Asian markets sending the Japanese stocks deeper in the red amid strengthening yen.
     
  • BOJ policy decision due in the Asian morning this Thursday, where the Bank of Japan is expected to announce at least some risk-positive policy tweaks.
     
  • On the other hand CPI's from Australia tomorrow are likely to leave pricing for an RBA rate cut next week low.
     
  • China is set to release data on March industrial profits on Wed, while Japanese data on inflation, retail sales and unemployment are due Thurs. 
     
  • Downside in the pair intact, with next support at 85.27 (2H cloud top) and resistance at 85.67 (2H 5-SMA).
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-rejected-at-strong-trendline-resistance-at-8622-good-to-sell-rallies-199739) is progressing. Hold for targets.
     

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team