BUY AUDJPY – 108.416

The trade is based on a technical setup where the price broke above the Asian session range only to retest and hold, creating a false break, and then formed an equal high‑low sweep that signaled strong buying pressure. High volume confirmed the move, and the H4 chart shows the price near a 26% retracement level with neutral multi‑timeframe bias, while the stop‑loss aligns with the underlying structure at 108.305, providing a tight risk‑reward. Fundamentally, the Australian dollar is benefiting from a softer US dollar amid muted Fed rate expectations and stable commodity prices, which supports a medium‑term AUD upside against the yen. The combination of these technical and macro factors justifies a high‑conviction long position with multiple profit targets at 108.493, 108.560 and 108.692.