AUD/JPY Holds Near 113.20 on Risk Sentiment Rally, Bullish Bias Above 100-Day EMA

AUD/JPY trades around 113.20 with a bullish bias, well above the 100-day EMA at 109.65 and RSI at 52, supported by improved risk sentiment from US-Iran truce reports. The pair dipped to 112.95 on May 4 amid Middle East tensions boosting Yen flows, then tumbled to 112.75 on May 6 despite RBA rate hike to 4.35% from 4.10%, due to suspected Japanese intervention. It rebounded to 113.30 by May 7 on peace optimism, holding gains on May 8 though capped by confirmed Yen-buying interventions; resistance at 113.65-114.75.