AUD/JPY: way below pivot and highly negative

By FXStreet FXStreet (Guatemala) – AUD/JPY is currently trading at 84.96 with a high of 85.22 and a low of 84.85.

AUD/JPY, as with the Yen crosses across the board, is extending the downside within risk-off themes in the uncertainty across global markets. Equities have been printing in the red and commodities have been taking hits left right and centre.

The Aussie was battered through the 200 SMA on the hourly and awaits Chinese manufacturing data as the next catalyst for direction while Japan remains out and markets will be thin again which could equate to volatility on any surprises in the data.

AUD/JPY levels

AUD/JPY MACD has recovered while the RSI (14) has recovered to 34 on the hourly with the pivot at 86.03 and the cross in highly negative territory with MA’s all pointing to a continued bearish bias.
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Source:: FX Street