AUD/JPY wavers in the choppy range above 75.15. Risk-tone remains mildly positive despite dimming hopes of US stimulus. Vaccine news, Fed’s action seem to favor the optimists ahead of the key Aussie numbers. The pre-Fed trading lull, risk reset can bore the market players. AUD/JPY trades near 75.20 during the pre-Tokyo open Asian session on Wednesday. The pair has been taking rounds in nearly a 10-pips range off-late. While the latest shift in market’s risk-tone sentiment should have ideally helped the quote snap its previous four-day losing streak, bulls area waiting for Australia’s second quarter (Q2) Consumer Price Index (CPI) numbers for fresh impulse. The US Federal Reserve’s (Fed) extension of stimulus deadline and President Donald Trump’s push to the coronavirus (COVID-19) vaccine hopes fail to defy the uncertainty surrounding the American fiscal package. Be it House Speaker Nancy Pelosi or White House Chief of Staff Mark Meadows, both are against the market expectations of any quick results on phase 4 fiscal package. The importance of the delay becomes alarming as unemployment claim benefits are expiring this week. About the virus, wave 2.0 of the pandemic is getting bitter day by day. US cases rose past-4.0 million whereas Victoria, China and Spain have recently shown worrisome signs. Amid the pessimism, US President Trump tries to pitch for Americans deal with Kodak Pharmaceuticals whereas Moderna also offered details of its plans to provide the vaccine. Not only the virus and politics, but Sino-American tensions are also weighing on the quote. The Trump administration’s crackdown on Beijing’s Hong Kong security bill gains support from the major West countries. However, the dragon nation keeps fighting against the world to prove it is right, which adds weakness to the risk-barometer AUD/JPY. While portraying the market sentiment, Wall Street marked a negative day whereas the US 10-year Treasury yields also slipped below 0.60%. Even so, S&P 500 Futures seesaw around 3,215, up 0.10%, by the press time. Other than the risk catalysts, Aussie CPI data will be the key for the pair traders. Although forecasts suggest the inflation numbers remain dismal, mainly due to the pandemic effect in Q2, markets may ignore the pessimism during the anticipated risk-reset. Read: Australian RBA’s Quarterly Inflation Preview: Shrinking to record lows Technical analysis An upward sloping trend line from June 22, at 75.10 now, quickly followed by a 21-day SMA level of 75.02, are the key near-term support for the bears to conquer before targeting the monthly low under 74.00. On the contrary, a 10-day SMA level of 75.45 restricts the quote’s immediate upside. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: Upside limited by strong resistance – Confluence Detector FX Street 3 years AUD/JPY wavers in the choppy range above 75.15. Risk-tone remains mildly positive despite dimming hopes of US stimulus. Vaccine news, Fed’s action seem to favor the optimists ahead of the key Aussie numbers. The pre-Fed trading lull, risk reset can bore the market players. AUD/JPY trades near 75.20 during the pre-Tokyo open Asian session on Wednesday. The pair has been taking rounds in nearly a 10-pips range off-late. While the latest shift in market’s risk-tone sentiment should have ideally helped the quote snap its previous four-day losing streak, bulls area waiting for Australia’s second quarter (Q2) Consumer Price Index (CPI)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.