The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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The AUD/JPY pair has been under selling pressure for the third consecutive day, reaching an almost two-week low around 92.30 during Friday's Asian session. After a sharp drop, spot prices rebounded above the psychological level of 93.00, but the daily decline still exceeded 0.80%.
Amid rising tensions in the Middle East — including Israel's preemptive strike on Iran — and the expansion of tariff barriers in the U.S., investors are becoming more cautious and favoring safe-haven assets.
This shift has strengthened the Japanese yen, traditionally viewed as a safe-haven currency, while simultaneously reducing demand for riskier currencies such as the Australian dollar. As a result, there is growing demand for the JPY and weakening of the AUD, which continues to pressure the AUD/JPY pair lower.
An additional factor weighing on the AUD/JPY pair is the expectation that the Bank of Japan will continue its path toward normalizing monetary policy, thereby supporting the strength of the yen.
The above-mentioned fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside, reinforcing the case for a continued pullback from Wednesday's four-week high. However, oscillators on the daily chart have not yet turned negative, indicating that selling pressure has not fully intensified — suggesting sellers should remain cautious.
The accompanying table shows the percentage change in the Japanese yen against major currencies today. Notably, the yen has posted strong gains particularly against the Australian dollar.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
