AUD/JPY is heavily offered from 79.50 making a recent low during the Yuan's fix at 78.81.
AUD/JPY has otherwise been in a bullish trend from 76 lows scored in September and has recently been capped at three-month highs circa the 200 dma at 79.80. Meanwhile, we have the Yen on the back foot currently and the Aussie in a chop as markets discount further RBA cuts and set back bets for a Fed hike until no earlier than December. Meanwhile, we had the BOJ's Governor Kuroda headlines earlier via Reuters, noting that Japan's CPI is likely to be slightly negative or around zero % for the time being.
AUD/JPY was up to meet the 200 dma at 79.80 scoring a high of 79.50, however supply has smothered the bulls through the 4hr 10 sma at 79.06 and 20 at 78.78 as a strong level of support. The 200 1hr 78.59 is next in view with 78 as the psychological level and previous key support area.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.