AUD/JPY Price Analysis: Sees modest gains as buyers target 97.00
Source Fxstreet
- AUD/JPY edges down to 96.35 after a 0.46% gain, with bullish-harami pattern suggesting potential upside momentum.
- Buyers aim for the January 2 high of 96.71 and the 97.00 mark, with subsequent resistance levels at 97.67 and 98.00.
- If the upside is capped, sellers might target Senkou Span B at 96.14 and Kijun Sen at 95.90, with 94.58 as further support.
The AUD/JPY registered moderated gains on Wednesday of 0.46%, though it begins Thursday’s session on a lower note, trading below yesterday’s close of 96.42. Nevertheless, buyers reclaiming the Kijun-Sen and stepping in around the bottom of the Ichimoku Cloud (Kumo) has opened the door for further gains. At the time of writing, the cross-pair exchanges hands at 96.35, down 0.07%.
The daily chart portrays the pair range-bound, though the formation of a ‘bullish-harami’ candlestick pattern could pave the way for further upside. For a bullish resumption, buyers must conquer the January 2 high of 96.71, followed by the 97.00 figure. Once those two levels are cleared, the next resistance level would be the June 19 high at 97.67. Up next would be the 98.00 psychological level.
On the other hand, if sellers capped the AUD/JPY advance above 96.71, sellers could step in and drag prices toward th Senkou Span B at 96.14, followed by the Kijun Sen at 95.90. Once that is achieved, the next demand area to test would e the December 14 low of 94.58.
AUD/JPY Price Action – Daily Chart
AUD/JPY Technical Levels
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
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