AUD/JPY consolidates near 83.00 amid risk-off sentiment

  • AUD/JPY remains muted in the Asian session.
  • AUD limit gains amid risk-off mood and trade dispute with China.
  • Yen suffers from a fragile economic outlook and BOJ measures.

AUD/JPY edges lower on Tuesday morning in the Asian session. After posting strong gains in the previous session, the pair seems to be consolidating gains near the higher levels.

At the time of writing, AUD/JPY trades at 83.04, down 0.10% for the day.

Investors continued to digest the US Fed’s higher inflation and interest rate forecast, which came as a surprise to the market in the central bank’s latest monetary policy meeting. 

On the economic side, the Retail Sales rose 0.1% in May, much below the market expectations at 0.5%. However, the readings pointed out a slower growth rate in the previous three months.

Meanwhile, the escalating tensions between Australia and China prove to be a negative factor for the aussie. As reported, Canberra has dragged Beijing to WTO, after latter slap tariffs on Australind wine imports.

Rebound in commodity prices helped limit the downside for the pair. The higher commodity prices help commodity-linked AUD to gain against the majors.

It is worth noting that S&P 500 Futures were trading at 4,217, up 0.09% for the day.

On the other hand, the yen remained grounded by the mixed Fed's official voices over taper talks. However, on the domestic front, a slower vaccination rollout program and lockdown restriction kept the currency pressurized.

The market dynamics continue to influence the pair’s performance in the absence of any major fundamental news.

AUD/JPY additional levels


Today last price 83.02
Today Daily Change -0.08
Today Daily Change % -0.10
Today daily open 83.1
Daily SMA20 84.42
Daily SMA50 84.4
Daily SMA100 83.72
Daily SMA200 80.43
Previous Daily High 83.24
Previous Daily Low 82.14
Previous Weekly High 84.94
Previous Weekly Low 82.39
Previous Monthly High 85.8
Previous Monthly Low 83.93
Daily Fibonacci 38.2% 82.82
Daily Fibonacci 61.8% 82.56
Daily Pivot Point S1 82.41
Daily Pivot Point S2 81.72
Daily Pivot Point S3 81.3
Daily Pivot Point R1 83.52
Daily Pivot Point R2 83.94
Daily Pivot Point R3 84.63



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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD hovers around 1.1900, retains weekly gains

The EUR/USD pair trades around the 1.19 mark after the Eurozone Q2 Prelim GDP beat estimates with 2% while US PCE inflation rose by less than anticipated in June, printing at 3.5% YoY. Risk-on mood persists.


GBP/USD retreats after flirting with 1.4000

GBP/USD retreated from near the 1.4000 level, but the greenback remains away from investors' radar. Optimism over the Brexit issue and the declining trend in new COVID-19 cases in the UK offers support to the pound.


XAU/USD slides to $1,820 area, downside seems limited

Gold traded with a mild negative bias around the $1,825 region, or daily lows, during the early North American session, albeit lacked any follow-through selling.

Gold News

Shiba gets listed on eToro as demand for SHIB skyrockets

Leading investment platform eToro has been adding cryptocurrency assets on popular demand from users. The Dogecoin killer recently amassed 600,000 holders despite range-bound price action. 

Read more

NIO shares rise again as Wall Street shrugs off recent China woes

NYSE:NIO added 1.86% as EV and China stocks bounced back again. Nio rides higher as industry leader Tesla gets some major upgrades. Nio rival XPeng releases a refreshed look for its compact SUV.

Read more