AUD/JPY climbs for second day, breaks key resistance amid risk-on mood
By: bitcoin ethereum news|2025/05/14 05:15:05
0
Share
AUD/JPY climbs for a second day, up 2.5% this week, boosted by US-China tariff truce and broad risk-on flows. Aussie supported by improving domestic sentiment; focus shifts to Australia’s wage data due Wednesday. Price breaks above multi-month resistance at 95.00, RSI approaches overbought territory . AUD/JPY extended its upward momentum on Tuesday, rising to 96.60 at the time of writing, as renewed risk appetite and stronger Australian data continue to fuel gains in the pair. The cross has gained nearly 2.5% this week, driven by global optimism following the US-China agreement to temporarily roll back tariffs, alongside a softer US Consumer Price Index (CPI) print that has improved risk conditions for higher-yielding currencies. The Australian Dollar (AUD) is riding the wave of trade-related optimism, especially given the country’s close economic ties to China. Domestically, sentiment also improved with the Westpac-Melbourne Institute Consumer Sentiment Index rising by 2.2% MoM to 92.1 in May, recovering from a 6% drop in April and marking the third monthly increase this year. Meanwhile, the NAB Business Confidence Index rose to -1% in April from -3% in March, signaling a slight pickup in corporate sentiment despite remaining in negative territory. Attention now turns to Wednesday’s Wage Price Index (WPI), which could influence expectations around the Reserve Bank of Australia’s (RBA) next policy move. Meanwhile, the Bank of Japan (BoJ) maintains a cautiously hawkish tone despite mounting concerns over global trade uncertainty. Speaking before parliament on Tuesday, Deputy Governor Shinichi Uchida reiterated that the central bank expects both wages and prices to continue rising, reinforcing the BoJ’s view that inflationary momentum remains intact. While Uchida acknowledged that US tariffs may weigh on near-term growth, he emphasized that the BoJ would proceed with rate hikes if the economy and price outlook evolve as anticipated. This stance is consistent with the BoJ’s April 30–May 1 policy meeting summary, which described tariff effects as short-lived shocks with minimal long-term impact on inflation or potential growth. Policymakers also stressed the importance of maintaining flexibility and closely monitoring global risks and uncertainties. Technical analysis: AUD/JPY breaks above 95.00 resistance, targets 97.00 as bullish momentum accelerates AUD/JPY has broken above a multi-month resistance zone at 95.00, confirming a bullish breakout as the pair trades near the 200-day Exponential Moving Average (EMA) at 95.93. A decisive daily close above this dynamic resistance could pave the way for a test of the 97.00 psychological level, followed by 98.50, a key resistance zone last visited in January. On the downside, immediate support lies at 93.50, with stronger technical backing near the 50-day EMA at 92.90. The Relative Strength Index (RSI) on the daily chart is currently at 66, approaching overbought territory, suggesting momentum remains strong but may be due for a consolidation if upside levels are not cleared soon. Source: https://www.fxstreet.com/news/aud-jpy-climbs-for-second-day-breaks-key-resistance-amid-risk-on-mood-202505131816
You may also like

Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack
DeFi project teams cannot assume that the modules they control are necessarily secure.

The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future
This article systematically analyzes the technical principles and commercial value of the ERC-8183 protocol from the dimensions of technical architecture, core mechanisms, application scenarios, and ecological collaboration.

When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB
ETH is undergoing a paradigm shift from a "volatile asset" to a "yield-generating cash flow asset."

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets
In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.

Understanding x402 and MPP in One Article: Two Routes for Agent Payments
x402 makes payments within the agreement, while MPP makes system-level payments.

Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.

Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.

Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack
DeFi project teams cannot assume that the modules they control are necessarily secure.
The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future
This article systematically analyzes the technical principles and commercial value of the ERC-8183 protocol from the dimensions of technical architecture, core mechanisms, application scenarios, and ecological collaboration.
When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB
ETH is undergoing a paradigm shift from a "volatile asset" to a "yield-generating cash flow asset."
The Power of Agency: The Agentic Wallet and the Next Decade of Wallets
In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.
Understanding x402 and MPP in One Article: Two Routes for Agent Payments
x402 makes payments within the agreement, while MPP makes system-level payments.
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.