• AUD/JPY like other JPY crosses recently rallied but upside was limited

• High Wednesday 97.32, yesterday 97.27, off since to 96.29-69 range today

• Downtrend in place since 102.40 on November 7 2024

• Resistance noted above descending 55-DMA Wednesday-Thursday, at 97.16 today

• Daily Ichimoku cloud 97.67-98.94 above

• Spot currently in 96.18-84 hourly Ichimoku cloud, cloud to taper

• Ascending 55-HMA in area at 96.58, 100/200-HMAs below cloud at 96.05/95.87

• RBA rate cut expectations building, short series beginning next week?

• Contrasts with BOJ continuing hawkish stance, possible March hike

• On the options front, A$452 mln expiries today between 96.55-65

• Related previous comment , also

• Latest RBA poll , for more click on [FXBUZ]

AUD/JPY daily:


AUD/JPY hourly:


Cuts ahead for RBA, BoC and SNB:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)