AUD/JPY chart - Trading View
AUD/JPY erased early gains and was trading largely muted at 69.39 at around 09:55 GMT.
The pair is struggling to extend gains despite upbeat Australia inflation data released earlier today.
Australia's Consumer Price Index rose 2.2% y/y in Q1, beating expectations for a 2% rise, having increased by 1.8% in the Q4 of 2019.
The quarter-on-quarter figure came in at 0.3%, versus expectations of a 0.2% rise and down from the previous quarter's 0.7%.
The Reserve Bank of Australia's Trimmed Mean CPI or core inflation rose 0.5% quarter-on-quarter in Q1 compared to expectations for an unchanged reading of 0.4%.
Momentum studies are bullish, however, 'Doji' on Tuesday's candle could see minor pullbacks.
Analysis of GMMA indicator shows major trend is neutral, while minor trend is bullish. Breakout above daily cloud and 55-EMA reinforces upside bias.
Oscillators are at overbought levels and may cause some retracement. Resumption of upside will see the pair test 61.8% Fib at 70.17.
Break above 61.8% Fib eyes 110-EMA (70.55). On the flipside, failure to hold above 55-EMA negates any bullish bias.
Support levels - 68.92 (55-EMA), 68.21 (21-EMA), 68.03 (20-DMA)
Resistance levels - 70.17 (61.8% Fib), 70.36 (21W EMA), 70.55 (110-EMA)


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as bearish yen sentiment persists
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears
Urban studies: Doing research when every city is different
US Gas Market Poised for Supercycle: Bernstein Analysts
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro-24-Hour Crypto Category-Based Performance Dashboard
FxWirePro- Woodies Pivot (Major) 



