• The AUD/JPY is trading thinly ahead of a hefty week loaded with central bank meetings.
  • Japan's Retail Sales came in broadly better than expected, but Yen traders are awaiting the BoJ.

The AUD/JPY is trading steadily just above the 82.00 technical level with Yen traders keeping a steady hand despite a positive twist to Japan's Retail Sales figures.

Japan's Retail Sales figures came in above expectations across the board, with y/y Retail Sales for June coming in at 1.8% versus the expected 1.6% (previous 0.6%), and Large Retailers' Sales also improved, clocking in at 1.4%, reversing the expected contraction to -0.4% (previous -0.2%).

Later this week sees a key meeting from the Bank of Japan (BoJ), and JPY traders will likely be awaiting announcements from the Japanese central bank on adjustments to their current monetary policy, which could see heavy Yen traders on the sidelines until the BoJ meeting on Tuesday.

AUD/JPY Levels to watch

The Aussie bottomed out against the Yen last week near 81.80, but a limited bullish recovery stalled out in the mid-week from 82.85, and the pair is continuing to struggle near the 82.00 major level ahead of a major week for central bank action.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD rebounds after dismal US PMIs

EUR/USD is trading closer to 1.0850, rising in response to weak US PMIs, with the services one pointing to contraction. Earlier, German Manufacturing PMI beat estimates. 


GBP/USD advances to 1.2950 after US data

GBP/USD is trading around 1.2950, taking advantage of US weakness stemming from a downfall in Markit's Services PMI in the US. In Britain, the Manufacturing PMI exceeded estimates. 


Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Consolidation process underway

The Crypto board continues to be immersed in an emotional leg-breaking, consistently punishing the emotional state of the traders with its continuous changes of direction.

Read more

XAU/USD unstoppable, breaks to fresh 2020 highs, approaching $1650/oz

XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs) while breaking above a bull channel. Gold is printing fresh 2020 highs hitting $1646.64 per ounce on an intraday basis.  

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info