- Aussie is stepping higher in early Friday action.
- China Trade Balance figures to set the AUD’s tone to finish off the week.
The AUD/JPY is bounding higher in Friday’s Asia trading session, marking in a new one-month high at 83.50 as the Japanese Yen recedes across the broader markets.
The Japanese Yen is stepping lower as traders opt to scoop up other assets, and the move is extending the Aussie’s pick up against the JPY that began earlier in the week.
Friday brings China Trade Balance figures, and with the rising US-China trade tensions, traders will be giving extra focus to the release, which is expected after 02:00 GMT. The Aussie will be exposed to excess volatility on the figures, and could see a derailment of the current bull trend if China trade numbers miss expectations.
AUD/JPY levels to watch
Current support is resting at the last swing high of 83.15, with the mid-week’s swing low near the 82.00 handle, while resistance levels are marked out at June’s sequential swing highs of 84.15 and 84.50.
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