AUD/JPY Extends Bearish Spell Below 111.50

The AUD/JPY cross remains under pressure, trading near 111.25 in early European hours. The pair has extended its bearish spell, with sellers keeping the price firmly below the 111.50 resistance.

The current price action suggests persistent downside momentum, as the cross fails to reclaim higher levels. The continuation of the bearish bias indicates that the pair may face further declines in the near term.

Traders are watching for a break below key support levels, which could accelerate the selling pressure. Conversely, a sustained move above 111.50 would be needed to shift the technical outlook.