AUD/JPY Dips to 112.62 as Yen Strengthens, Uptrend Holds

AUD/JPY eased to 112.62 on July 9 after touching 112.70 the prior session, pressured by yen buying on Middle East tensions and intervention risks. The pair had reversed higher from the 111.25 support zone on July 7, where the lower Bollinger Band and 61.8% Fibonacci retracement converged, ending the minor wave-C correction. Price remains above the 100-day moving average near 112.55 and the Bollinger midline, keeping the medium-term uptrend intact despite the modest pullback. Momentum indicators stay neutral with RSI near 50, pointing to consolidation rather than reversal.