AUD/JPY Climbs to 90.55 on Stronger Australian Trade Surplus
AUD/JPY edged higher to 90.55 after Australia’s trade surplus widened to AUD 5.9 billion, beating forecasts. The move follows a sharp pullback on June 3 when weaker Q4 GDP data triggered selling from near 99.00 highs to below 97.80. Despite the earlier dip below 114.50, the pair held above key moving averages with RSI above 50, limiting downside. Strong iron-ore and LNG exports provided fresh support, while dovish BoJ signals capped yen gains. Traders now watch 90.60 resistance and upcoming employment data for further direction.