AUD/JPY Slides Below 112 on Intervention Fears, Bearish Bias Below 100-Day SMA

The AUD/JPY cross traded near 111.70 during early European hours, down from the 112 level, as the Japanese yen gained support from persistent intervention fears. Traders remain on high alert for possible yen-buying operations by Japanese authorities, which has weighed on the Aussie cross.

Technically, the pair retains a bearish bias below the 100-day simple moving average, with sellers eyeing further downside unless the yen strength abates. No clear catalysts have shifted sentiment, leaving the cross vulnerable to sudden moves if intervention materializes.