AUD/JPY chart - Trading View
AUD/JPY was trading 0.39% higher on the day at 81.30 at around 11:30 GMT, bias tilted towards the upside
The pair has been capped between major moving average and breakout required for further direction.
Recently rising covid numbers from Australia, up at 2,231 in the latest report, challenge risk appetite weighing on the antipodeans.
On the data front, Australia’s AiG Performance of Services Index for September rose to 45.7 from 45.6.
Japan's coincident indicator index extended a decline in August to -2.9% from -0.2% in the previous month.
The index showing current economic conditions fell 2.9 points from the previous month to 91.5 in August, the Cabinet Office said.
The index of leading economic indicators, used to predict the direction of the economy a few months ahead, fell 2.3 points in August to 101.8.
Further, Chinese market sentiment will also be a crucial driver. Chinese markets will reopen on Friday after a week-long public holiday.
Technical indicators are tilted towards the upside, but price action needs to break out of range trade to have a clear direction.
Upside remains capped at 110-EMA, while 5-EMA at 80.83 limits downside moves. Scope for test of 200-DMA at 82.27. Watch for break above 110-EMA for upside continuation.


FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 



