AUD/JPY: the quiet before the…Nonfarm Payrolls

By FXStreet FXStreet (Guatemala) – AUD/JPY is currently trading at 84.66 with a high of 84.74 and a low of 84.32.

AUD/JPY has been static in a quiet open in Asia this week as we run up to month end while data events will start to kick in and get the show moving along. There is second tier data for both Australia and Japan this week, but the key events stay with the US.

AUD/JPY looking out for US data

We have the Nonfarm Payrolls released at the end of the week as October kicks in, and further along the calendar comes with the FOMC. Before then, later today holds the Fed’s preferred measure of inflation in PCE. AUD/JPY may be subject to volatility around the market’s appetite for risk, and as it stands, a risk-off mood will continue to weigh on the cross with S&P futures currently down 0.4%.

AUD/JPY levels

Technically, the cross is pressured to the downside below the 200 SMA at 85.43 on the hourly sticks and the pivot at 84.56. First support come sin at 84.20 (50 SMA) before 83.42 and 82.97. Resistance above the pivot comes at 84.82, the 20 DMA.
For more information, read our latest <a target="_blank" rel="nofollow" …read more

Source:: FX Street