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AUD/JPY chart - Trading View
AUD/JPY was trading 0.39% higher on the day at 65.07 at around 07:55 GMT.
The pair which is synonymous to risk sentiment has been on a downward spiral since the coronavirus outbreak in early Feb.
Price action has tested 10-year lows at 64.053 and no respite from bears seen.
Efforts by central banks has reset risk across markets, leading to slight upside in the pair.
As the larger economic impact of the pandemic emerges, further pressure on the pair looks imminent.
Technical studies support further weakness in the pair. Next immediate support is seen at 62.271 (July 2002 low).
5-DMA is immediate resistance at 65.928. Break above 200H MA (67.68) could see test of 21-EMA (69.341).
