AUD/JPY Rises Toward 94.50 as Yen Weakens Amid BoJ Policy Uncertainty

AUD/JPY Spikes Near 94.50 as BoJ Policy Doubts Weigh on Yen

Forex Market Update – June 10, 2025

The AUD/JPY pair continued its winning streak for a fourth straight trading session, rising toward 94.50 during Tuesday’s Asian market hours. The Japanese Yen (JPY) remains under pressure amid investor uncertainty surrounding the Bank of Japan's (BoJ) monetary stance, while the Australian Dollar (AUD) holds steady against a mixed global backdrop.

BoJ Uncertainty Pressures the Yen

Investors are reacting cautiously to BoJ Governor Kazuo Ueda’s recent comments, in which he noted that the central bank is prepared to tighten policy further only if underlying inflation returns sustainably to the 2% target. This signals a lack of immediate urgency for additional rate hikes, despite Japan’s evolving inflation landscape.

📌 Related: How BoJ Inflation Targets Impact the Yen

As a result, the JPY is lagging behind major currencies, helping to lift AUD/JPY toward key technical resistance levels.

Global Sentiment and Trade Talks Add to Momentum

The pair’s strength is also supported by investor anticipation surrounding the US-China trade summit currently taking place in London. While no major breakthroughs have been reported yet, risk sentiment remains cautiously optimistic — generally favorable for risk-sensitive currencies like the Australian Dollar.

💬 Read Also: US-China Trade Talks: What It Means for the AUD and Asia-Pacific FX

Technical Outlook: AUD/JPY

• Resistance: 94.70 (Recent High), 95.20
• Support: 93.90, 93.30

The bullish bias remains intact with the pair trading firmly above key support zones. A breakout above 94.70 could open the door to further upside.

Conclusion

AUD/JPY trades confidently near 94.50 as the Yen weakens on BoJ policy uncertainty and investors await clearer direction from US-China trade negotiations. If Japanese inflation data stays muted and global sentiment holds firm, the pair could test higher resistance zones in the coming sessions.