Australian Dollar vs Japanese Yen Drifts Higher Above 114.00, Bullish Bias Holds Post-CPI

Australian Dollar vs Japanese Yen climbs toward 114.25 with a bullish bias prevailing above key EMAs, holding firm after softer March CPI at 4.6% YoY versus 4.7% forecast tempered RBA hike odds to 74% for May. The pair surged from early April lows near 109.50 on RBA hawkishness and risk-on flows, shattering 114.00 records mid-month before US-Iran tensions caused a 113.50 dip on April 20. BoJ's steady 0.75% rate and wave analysis confirm impulse wave (5) targeting 116.00, with RSI around 64 and 100-day EMA at 112.80 as support ahead of further catalysts.