AUD/JPY trades near 5.5-month lows ahead of China data

  • AUD/JPY is flashing red below 75.00 in Asia.
  • China’s retail sales and industrial production data is due for release at 02:00 GMT.
  • A below-forecast data could add to the bearish tone around AUD/JPY.

AUD/JPY is feeling the pull of gravity ahead of China’s retail sales and industrial production release.

The currency pair is currently trading at 74.89, having hit a high of 74.97 earlier today. More importantly, the cross is sitting closer to 74.77 hit yesterday. That was the lowest level since early January.

China data due at 02:00 GMT is expected to show the consumer spending as represented by retail sales rose at an annualised rate of 8.1% in May. Meanwhile, industrial production is forecasted to rise 5.5% year-on-year in May.

An above-forecast China data, particularly industrial production, could bode well for the AUD and other commodity currencies and riskier assets.

However, if the data misses estimates, then the AUD/JPY could print a fresh 5.5-month low below 74.77.

Technical levels


Today last price 74.89
Today Daily Change -0.07
Today Daily Change % -0.09
Today daily open 74.96
Daily SMA20 75.61
Daily SMA50 77.33
Daily SMA100 78.07
Daily SMA200 79.18
Previous Daily High 75.29
Previous Daily Low 74.77
Previous Weekly High 75.91
Previous Weekly Low 74.96
Previous Monthly High 78.72
Previous Monthly Low 75.08
Daily Fibonacci 38.2% 74.97
Daily Fibonacci 61.8% 75.09
Daily Pivot Point S1 74.72
Daily Pivot Point S2 74.49
Daily Pivot Point S3 74.2
Daily Pivot Point R1 75.24
Daily Pivot Point R2 75.53
Daily Pivot Point R3 75.76



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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more