AUD/JPY Holds Near 112.80 as Momentum Fades Above 100-Day SMA

AUD/JPY drifted higher to 112.80 on June 12 after easing from 114.35 on June 2. The pair maintained its broader uptrend above the 100-day SMA near 111.75-112.80 despite RSI slipping to 39-44. Hawkish RBA comments at the 4.35% cash rate and stronger Chinese trade data supported the Australian dollar, offsetting growing intervention warnings from Japanese officials. The pair consolidated near 113.05 by June 8 before testing lower levels.