AUD/JPY Rebounds Above 110.50: Can the Aussie Break Back Above 113?

AUD/JPY has bounced to around 110.70, snapping a six-day losing streak after finding support near 109.24.

The rebound, however, remains fragile. The pair is still trading below the 100-day SMA around 112.85, while the daily RSI remains weak at around 14, suggesting bearish momentum is still in play.

On the downside, 110.40 is the first support, followed by 110.00 and the recent low near 109.24. A sustained move above 112.85–113.00 would be needed to shift the short-term picture back in favor of the bulls.

With Japan and the US having already intervened to support the yen, further gains in AUD/JPY could remain difficult to sustain even if the current rebound continues.