AUD/JPY Consolidates Near Multi-Year Low on Intervention Fears

AUD/JPY extended its sideways move on Monday, holding near multi-decade lows not seen since September 1990. Persistent weakness in the Japanese yen continues to provide underlying support for the cross, but traders remain cautious amid lingering fears of official intervention by Japanese authorities.

Bears are defending the 50-day simple moving average, keeping the pair in a tight range. The conflicting forces—yen depreciation vs. intervention risk—have left the market in a wait-and-see mode, with no clear directional catalyst in the near term.