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fxJul 3, 2026, 4:00 AM

AUD/JPY Holds Gains Near 112.00, Bearish Bias Persists

The AUD/JPY cross is trading around 111.75 in early European trading on Friday, holding modest gains. However, the pair remains below key moving averages, keeping the bearish bias intact.

AUDJPY

The AUD/JPY pair is trading in positive territory near 111.75 during early European hours on Friday, extending modest gains from earlier in the session.

The Australian Dollar strengthened following the release of Chinese economic data, which provided some support. However, the cross remains below key moving averages, suggesting that the broader bearish bias persists despite the short-term uptick.

Traders are watching for any follow-through above the 112.00 round number, but the technical outlook stays cautious as long as price action holds under the moving averages.

Source: FXStreet Forex News