According to @godbole17, the AUDJPY currency pair has recently stopped out of a prior position but is now forming an inverse head and shoulders bullish pattern, as observed on June 4, 2025 (source: Twitter/@godbole17). This technical formation often signals a potential upward reversal. Forex volatility, especially in JPY crosses, can influence crypto market sentiment, as traders frequently adjust risk exposure between fiat and digital assets based on forex-driven risk-on or risk-off behavior. Crypto traders should monitor AUDJPY technicals for spillover effects into major pairs like BTCUSD and ETHUSD.

According to Omkar Godbole (@godbole17), BTC and AUDJPY have traded in strong correlation throughout 2025, with both assets advancing together since early April. However, AUDJPY has now reversed lower, which could indicate that Bitcoin’s recovery rally is also losing momentum. For crypto traders, this breakdown in correlation is a key signal to monitor, as AUDJPY’s weakness has historically preceded short-term corrections in BTC price. Monitoring cross-asset flows and risk-off sentiment in forex markets may help anticipate near-term Bitcoin volatility. Source: Twitter (@godbole17, May 20, 2025).