AUD/JPY: better bid in early risk appetite

By FXStreet FXStreet (Guatemala) – AUD/JPY is currently trading at 85.52 with a high of 85.55 in Asia and a low of 85.29.

AUD/JPY has been probing the 85.50 level on a minor recovery extending the gains from 84.80 support. The theme remains with risk and the Yen has been shunned as S&P futures spike ahead of full Asia returning this week. While equities continue to be a key factor for the cross, this week also comes with the RBA minutes and BoJ interest rate decision, however, most uncertainty will come from the FOMC as the main event this week.

AUD/JPY levels

The 20 DMA at 86.28 was breached to the upside of the hourly chart and comes as near term support. RSI (14) is at 55 on the hourly and indicators remain with a bullish bias. Support comes at 84.80 and 84.20 in the vicinity of the 200 SMA on the hourly.
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Source:: FX Street