AUD/JPY Price Forecast: Holds losses below 112.00, retaining bearish outlook beneath 100-day SMA

The AUD/JPY cross trades in negative territory around 111.95 during the early European session on Wednesday. A lack of explicitly hawkish guidance from the Bank of Japan (BoJ) after the rate hike last week exerts some selling pressure on the Japanese Yen (JPY) against the Australian Dollar (AUD).