⚡ AUD/JPY Price Forecast: Constructive bias prevails above 113.00, but neutral RSI spurs consolidation

**BREAKING: AUD/JPY Slips to 113.25 as Bank of Japan Delivers Historic Rate Hike**

The AUD/JPY currency pair is trading lower at 113.25 during Wednesday’s early European session, pressured by Japanese Yen strength following a landmark monetary policy shift. The Bank of Japan has raised interest rates to their highest level in over thirty years, marking a significant departure from decades of ultra-loose policy. The move is strengthening the Yen against the Australian Dollar, though technical analysts note the pair maintains a constructive bias above the 113.00 support level. However, neutral RSI readings suggest immediate consolidation rather than a decisive directional break. Forex traders and institutional desks are monitoring whether the 113.00 threshold holds amid renewed Yen volatility.

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FXnCO Insight

** Traders should watch for potential ranging action between 113.00 and current levels as markets digest the BoJ’s historic policy pivot, with breaks below 113.00 likely triggering accelerated AUD/JPY selling.

Source: FXStreet