AUD/USD rises on strong jobs data; USD/JPY faces intervention pressure

AUD/USD gained 0.4% to 0.6485 following robust Australian employment data showing a job rebound in October, validating the RBA's inflation-focused stance after September's weakness. The strong labor market data contrasted with equity weakness, sending the ASX lower as rate cut expectations diminished. Meanwhile, USD/JPY retreated 0.2% to 154.80 amid growing intervention fears from Japanese authorities, with traders increasingly cautious about yen weakness. The US dollar showed mixed performance after President Trump signed legislation to reopen the government, removing immediate fiscal uncertainty. USD/CAD stabilized near 1.3950 following the shutdown resolution. Technical indicators suggest AUD/USD faces resistance at 0.6520 while support holds at 0.6450. The combination of divergent central bank policies and intervention risks creates a complex trading environment requiring careful position management.