Risky assets are under pressure in Asia and anti-risk JPY is better bid courtesy of worsening US-China trade tensions. AUD/JPY is reporting losses, signaling risk aversion and risks bearish doji reversal. The AUD/JPY pair – a barometer of risk appetite in the markets, is flashing red on worsening trade tensions between the US and China. Reports hit the wires earlier today that Trump administration is planning to impose tariffs on an extra $200 billion worth of Chinese imports, after having imposed a 25 percent tariff on $34 billion of Chinese imports last week. Beijing, which responded with matching tariffs last week, is expected to do so again should the Trump administration announce additional tariffs. Clearly, the world’s two biggest economies are closing on a long drawn out trade war and hence riskier assets are feeling the pull of the gravity. Shanghai Composite dropped 1.7 percent in early trade. As of writing, the Nikkei is down 2 percent and the S&P 500 futures are reporting a 0.80 percent drop. Consequently, the anti-risk Japanese Yen is on the rise. The AUD/JPY dropped 80 pips to a session low of 82.00 and is now trading at 82.28 – down 0.63 percent on the day. Australia consumer sentiment, published by the Melbourne Institute and Westpac Bank survey of 1,200 people, rose to 3.9 percent in July – the highest since late 2013. The strong data released earlier today failed to put a strong bid under the Aussie dollar. AUD/JPY Technical Levels A daily close today below 82.65 (yesterday’s doji candle low) Â would confirm a bearish doji reversal, signaling the rally from the recent low of 80.63 has ended. Resistance: 82.51 (100-day moving average), 82.80 (session low), 83.16 (previous day’s high) Support: 82.00 (psychological support), 80.98 (July 2 low), 80.63 (June 19 low). 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 Asian stocks back in the red, China indexes down 2% on tariff angst FX Street 4 years Risky assets are under pressure in Asia and anti-risk JPY is better bid courtesy of worsening US-China trade tensions. AUD/JPY is reporting losses, signaling risk aversion and risks bearish doji reversal. The AUD/JPY pair - a barometer of risk appetite in the markets, is flashing red on worsening trade tensions between the US and China. Reports hit the wires earlier today that Trump administration is planning to impose tariffs on an extra $200 billion worth of Chinese imports, after having imposed a 25 percent tariff on $34 billion of Chinese imports last week. Beijing, which responded with matching tariffs last… 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.