AUDJPY Asia briefing — 2026-07-31

BIAS BEARISH. H1 bearish EMA confirms lower momentum; RSI oversold (27.21) creates bounce risk but daily neutral structure limits downside conviction. KEY LEVELS R: 112.5, 114.71 | S: 112, 110.83 NEWS 🟡 Industrial Production MoM/YoY (JPY) – Thu 23:50 UTC 🟡 Large Retailer Sales (JPY) – Thu 23:50 UTC SESSION OUTLOOK Japan data drops mid-Asia. Oversold RSI may spark intraday relief bounce toward 112.5 before sellers resume. Watch 112 hold.

Key Levels

R: 112.500 · 114.712

S: 112.000 · 110.828