Bearish outlook for ASX 200 and AUD/JPY, risk appetite diminishing, potential for further downside

From Investing.com: 2025-03-11 01:53:00

SPI futures broke key support at 7796, signaling potential for further downside. AUD/JPY tested the March 4 low of 91.86, with a break below opening room for 90.27. RSI signals oversold conditions, increasing the risk of a countertrend squeeze. Both markets are sensitive to shifts in risk appetite, facing pressure amid U.S. recession fears and stretched asset valuations. ASX 200 SPI futures saw a sharp decline, with price wedged between minor supports at 7860 and 7796. Traders should watch for reversal signals to guide decisions and be prepared for potential countertrend rallies.



Read more at Investing.com: ASX 200, AUD/JPY Forecast: Risk Appetite Sours as Rebound Risks Grow