ForexMedium•6 November 2026•
1 min read
AUD/JPY Drops Below 109.00 as Yen Strengthens
Key Facts
1The AUD/JPY cross traded in negative territory around 108.90 during early European trading hours on Friday.
2The Japanese Yen strengthened due to safe-haven flows and signals from the Bank of Japan regarding interest rate hikes.
3The technical bias for the pair remains bearish as long as it trades below the 100-day Simple Moving Average (SMA).
The AUD/JPY cross traded in negative territory around the 108.90 level during early European trading hours on Friday, November 6, 2026. FXStreet reported that the Japanese Yen strengthened due to safe-haven flows and signals from the Bank of Japan (BoJ) regarding potential interest rate hikes, causing the pair to break below the 109.00 psychological level.
The technical bias for the pair remains bearish as long as it trades below the 100-day Simple Moving Average (SMA) according to FXStreet. This decline follows persistent expectations for BoJ rate hikes following recent meeting minutes, which supported the Yen against the Australian Dollar.