AUDJPY monthly chart

AUDJPY monthly chart. Here we see how the AUDJPY pair has moved over the past 30 years. On the upside, we have a resistance zone of 100,000-105,000, while on the downside, we have support in the 55,000-60,000 zone. We are currently at the 94,200 level, we see a slowdown, but we can expect to climb up to the 100,000 level. The BOJ still maintains a dovish stance and stays with a loose monetary policy. On Thursday, the interest rate remained at the same level, -0.10%, and such a move could push the pair to the upper resistance zone.

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