The AUD/JPY has retraced some of its recent gains, trading around the 94.10 mark. Current technical analysis reveals that the currency pair operates within an ascending channel, suggesting a positive outlook. The initial support level is noted at 94.00, which aligns with the nine-day Exponential Moving Average (EMA). Traders should monitor this trend closely, as the bullish bias may signify further upward potential in future trading sessions.