AUD/JPY Price Forecast: Gains ground above 113.50, bullish trend holds above 100-day SMA

AUD/JPY is trading higher around 113.85 as the Australian dollar benefits from the wide rate gap versus the yen and expectations that the RBA may eventually need to tighten again if oil-driven inflation persists. The pair is supported by a bullish technical setup: price remains above the 100-day SMA and the Bollinger middle band, with momentum still constructive. Key upside levels are 114.10, then 114.74 and the 115.00 psychological mark. However, gains may be limited by concerns over possible Japanese intervention if yen weakness becomes too pronounced. The article frames AUD/JPY as an interest-rate and risk-sentiment trade, with Middle East tensions and higher fuel costs adding to the odds of an RBA hike later this year.