AUD/JPY Up 49 Pips, in a Downtrend Over Past 30 Days; Sentiment Strongly Favors Buyers
Relative to other instruments in the forex asset class, aud/jpy ranked 9th yesterday in terms of percentage price change.
AUDJPY
(Last Updated January 18, 2021)
Welcome to the news page for AUDJPY (AUDJPY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for AUDJPY
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Australia HIA New Home Sales MoM | Dec 2020 | Australian Dollar | AUD | 2021-01-19 | 00:00 GMT | ||
| Australia Westpac Consumer Confidence Change | Jan 2021 | Australian Dollar | AUD | 2021-01-19 | 23:30 GMT | ||
| Australia Westpac Consumer Confidence Index | Jan 2021 | Australian Dollar | AUD | 2021-01-19 | 23:30 GMT | ||
| Japan Exports YoY | Dec 2021 | Japanese Yen | JPY | 2021-01-20 | 23:50 GMT | 2.4% | |
| Japan Balance of Trade | Dec 2020 | Japanese Yen | JPY | 2021-01-20 | 23:50 GMT | ¥942.8B |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for AUDJPY.
AUDJPY Moving Averages
Across several time periods between 20 and 200 days, the trend on AUDJPY has remained consistently bullish.
Below is a chart showing AUDJPY’s price with its moving averages.
In terms of correlations over the past week for AUDJPY, it has been most correlated with AUDUSD. If we zoom out to a two week basis, though, AUDCHF is the asset most correlated to AUDJPY. On the flip side, USDCHF has been the asset least correlated with AUDJPY — just the same as it has been over the past two weeks. The chart below illustrates AUDJPY against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, AUDJPY’s rate is down -7320 pips (-0.91%) from the week prior. AUDJPY has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. AUDJPY’s weekly price action over the past 52 weeks can be seen via the chart below.
AUDJPY: The Monthly View
Strongest trend on the 60 month timeframe.
AUD/JPY Down 27 Pips, in a Downtrend Over Past 14 Days; Sentiment Strongly Favors Buyers
The closest is the 20 day average, which is 144.8 pips away.
AUD/JPY Moves Down For the 6th Day In A Row, in a Downtrend Over Past 14 Days; Sentiment Suggests Buyers in Charge
As for the rationale, technical traders seem to be citing the appearance of channel and divergence technical patterns.
AUD/JPY Moves Down For the 5th Day In A Row; Price Base in Formation Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of channel and relative strength index technical patterns.
AUD/JPY Down 35 Pips
Volatility for aud/jpy has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
AUD/JPY Down 20 Pips; Breaks Below 200 Day Average
This imputes a buy/sell ratio of 0.56, which is bearish.
AUD/JPY Down 31 Pips; Eyes 20 Day Average
The closest is the 20 day average, which is 30.6 pips away.
AUD/JPY Up 7 Pips; Eyes 20 Day Average
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
AUD/JPY Heads Down For the 2nd Day In A Row; Nears 20 Day Moving Average
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
AUD/JPY Down 38 Pips, Breaks Below 20 Average; in a Downtrend Over Past 30 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.