AUD/JPY positioned to decline further as Aussie suffers in the markets
|- AUD/JPY is trying to rebound after last week's decline.
- Soft-spoken RBA is dragging the AUD lower as broader markets continue to favour higher-interest USD and safe-haven JPY.
The AUD/JPY is looking for some room to move in early Monday trading, pushing into 82.65.
The pair ended last week on a low note near 82.45 as the Aussie crumpled against the Yen on souring macro data and a dovish Reserve Bank of Australia (RBA), juxtaposed against a relatively well-performing Yen last week.
Monday is a quiet affair for both currencies outside of a speech from the RBA's Assistant Governor Kent late at 22:00 GMT, to be followed by Australian CPI figures early Tuesday at 01:30. Quarterly CPI for the Aussie is expected at 0.5 percent versus the previous 0.6 percent, with the Japanese Leading Economic Index following after at 05:00 GMT.
AUD/JPY Levels to watch
The Aussie has managed to put in a bit of a climb against the Yen since hitting a bottom near 80.50 in March, and last week's decline from 83.90 could see a rebound into the 50.0 Fibo level at the 83.20 area, while a continuation of selling action will run into support from the last swing low near the 82.00 major handle.
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