AUD/JPY Slips Below 114.50 Following Weak Australian GDP Data

Key Facts

Reflecting a slowdown in Australia's economic expansion, the AUD/JPY pair softened below the 114.50 level following the release of weaker-than-expected GDP data. The disappointing growth figures reduced the relative appeal of the Australian Dollar against the Japanese Yen in recent sessions. However, according to reports, the overall bullish trend for the pair remains technically intact despite the immediate downward pressure.

This weakness in Australian macro data coincides with improving sentiment in Japan, where consumer confidence rose to 33.6 in May 2026, beating the 32 forecast per market data. Additionally, Japanese industrial production grew by 0.8% month-on-month, significantly outperforming the expected 0.9% contraction. These factors have collectively bolstered the Yen's position against its major peers in the short term.