{"id":6373,"date":"2024-01-16T12:07:16","date_gmt":"2024-01-16T04:07:16","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=6373"},"modified":"2024-02-05T02:38:38","modified_gmt":"2024-02-05T02:38:38","slug":"focus-on-audjpy-today-16th-january-2024","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/th\/focus-on-audjpy-today-16th-january-2024\/","title":{"rendered":"Focus on AUD\/JPY Today \u2013 16th January 2024"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive AUD\/JPY Analysis for January 16, 2024<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUD\/JPY for 16th January 2024.\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>AUD\/JPY Key Takeaways\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.japantimes.co.jp\/business\/2024\/01\/11\/economy\/boj-ex-official-on-ending-negtive-rate\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"BOJ is ready to change\">BOJ is ready to change<\/a><\/strong>: Makoto Sakurai, a former board member of the Bank of Japan, said in an interview last week that the Bank of Japan is fully ready to end the world\u2019s last negative interest rate policy. April is the most likely time to do so. They are just waiting for the final push from one or two economic data.\u00a0<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/finance.yahoo.com\/news\/australia-cpi-inflation-falls-nov-194526617.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Inflation in Australia remains high\">Inflation in Australia remains high<\/a><\/strong>: Last Wednesday, Australia announced the seasonally adjusted annual CPI rate at the end of November. The data suggests inflation is slowly declining but remains above the 2%-3% target range. This means that the Reserve Bank of Australia will most likely remain on hold this year, and may not ease policy until 2025.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>AUD\/JPY Technical Analysis<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>AUD\/JPY <mark class=\"has-inline-color has-black-color\">Daily Chart Insights<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2024\/01\/\u884c\u60c5\u5206\u6790-1-8.jpg\" alt=\"AUD\/USD Daily Chart Insights By Ultima Markets MT4\" class=\"wp-image-6374\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator has not entered the overbought area, and at the same time issued a short signal, suggesting that the current bulls do not have enough strength to continue their upward move, and the market price may fall at any time.&nbsp;<\/li>\n\n\n\n<li><strong>Convergence interval<\/strong>: AUDJPY has been fluctuating at high levels since December 20 last year. It has now formed a convergence triangle, and is also supported below by the black 65 moving average. The strength of the support below is higher than the resistance above, and the probability of rebound is higher. However, if it falls below the support, the exchange rate will usher in a strong downward trend.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>AUD\/JPY <mark class=\"has-inline-color has-black-color\">1-hour Chart Analysis<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2024\/01\/\u884c\u60c5\u5206\u6790-2-8.jpg\" alt=\"AUD\/JPY 1-hour Chart Analysis By Ultima Markets MT4\" class=\"wp-image-6375\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator sends a short signal at the 50 midline. Currently, short-term shorts have the upper hand. It is worth switching to a smaller period, such as the 15-minute chart, to observe whether there is a signal to enter the market for shorting.&nbsp;<\/li>\n\n\n\n<li><strong>MA support was destroyed<\/strong>: Yesterday, AUDJPY continued to hover and adjust above the green 240-period moving average. It fell rapidly after falling below the moving average during the Asian session today. The exchange rate was bearish before touching the lower support level during the day.&nbsp;<\/li>\n\n\n\n<li><strong>Wolf Wave<\/strong>: It is worth noting that the overall trend forms a Wolf Wave pattern as shown in the figure. Point 5 is the extension line connecting points 1 and 3. After the exchange rate falls to near the price of point 5, there is a certain probability that it will rebound towards the price of point 4.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Trading Central <mark class=\"has-inline-color has-black-color\">Pivot Indicator<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2024\/01\/\u884c\u60c5\u5206\u6790-3-8.jpg\" alt=\"Trading Central Pivot Indicator for AUD\/JPY\" class=\"wp-image-6376\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>According to the trading central in <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/app\/\" target=\"_blank\" rel=\"noopener\" title=\"Ultima Markets APP\">Ultima Markets APP<\/a>, the central price of the day is established at 102.58,\u00a0<\/li>\n\n\n\n<li><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 102.58, first target 102.76, second target 102.90;&nbsp;<\/li>\n\n\n\n<li><strong>Bearish Outlook<\/strong>: In a bearish scenario below 102.58, first target 102.16, second target 101.91.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion\u00a0<\/strong><\/h2>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive AUD\/JPY Analysis for January 16, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUD\/JPY for 16th January 2024.\u00a0 AUD\/JPY Key Takeaways\u00a0 AUD\/JPY Technical Analysis AUD\/JPY Daily Chart Insights AUD\/JPY 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion\u00a0<\/p>\n","protected":false},"author":13,"featured_media":6764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[6,61,11],"tags":[104,105],"class_list":["post-6373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-market_outlook","category-technical-analysis","tag-audjpy","tag-australia"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/6373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/comments?post=6373"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/6373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media\/6764"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media?parent=6373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/categories?post=6373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/tags?post=6373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}