AUD/JPY looking for 84.00 as risk appetite swings back
|- The Aussie is capitalizing on risk appetite in the early Wednesday session to climb higher against the safe haven Yen.
- Aussie jobs data could drive the market in the early Tokyo markets.
The AUD/JPY is walking upwards in the early Asia session, touching into 83.65 as of writing.
The Aussie is climbing over the Yen as Asia markets go risk-on to kick off Wednesday's trading action, and the Yen is receding across the board. Markets are gearing up to extend the broader gains seen over the last couple of days, although Tuesday's US session saw some weakness in equities.
The Aussie is heading into a major report on a high note with the Australian Jobs Report dropping at 01:30 GMT, and the Australian Unemployment Rate is expected to drop from 5.6 percent to 5.5, while Australia is forecast to add 21 thousand new jobs, an uptick from the previous 17.5 thousand. At the same time but of minor note will be the National Australia Bank's Business Confidence quarterly survey, which recently fell from 7 to 6.
AUD/JPY Levels to watch
With the AUD pushing higher, resistance is looking thin as the pair continues to climb steadily from March's low, and last week's high at 84.07 is the number for bulls to beat, while a bearish correction will run into support from the last swing low at the 82.00 major psychological level, while March's low of 80.50 is providing a floor.
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