AUD/JPY is mildly bid in Asia on rumors of US-China meeting on trade. Risk-off in stocks is likely capping gains around 81.30. AUD/JPY has likely picked up a bid on reports the senior White House Officials are trying to restart trade talks with China. US tariffs on Chinese products are set to take effect on July 6 and will likely lead to a full-blown trade war between two of the world’s biggest economies of the world. Consequently, risk aversion has gripped the financial markets of late. However, the tide may turn in favor of the equities and risk currencies like the AUD should the trade talks resume. As of writing, the equities are not buying the rumors of US-China trade talks. This is evident from the moderate losses seen in the Asian markets. For instance, the Shanghai Composite is down 0.10 percent and the Hang Seng is reporting a 0.4 percent drop. The risk-off mood in equities is likely capping gains in the AUD/JPY around 81.30. AUD/JPY Technical Levels Resistance: 81.39 (5-day moving average), 81.66 (resistance on hourly chart), 82.39 (200-hour moving average). Support: 81.00 (psychological support), 80.63 (June 19 low), 80.50 (March 23 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 USD/CAD Technical Analysis: Pullback in the offing FX Street 5 years AUD/JPY is mildly bid in Asia on rumors of US-China meeting on trade. Risk-off in stocks is likely capping gains around 81.30. AUD/JPY has likely picked up a bid on reports the senior White House Officials are trying to restart trade talks with China. US tariffs on Chinese products are set to take effect on July 6 and will likely lead to a full-blown trade war between two of the world's biggest economies of the world. Consequently, risk aversion has gripped the financial markets of late. However, the tide may turn in favor of the equities and risk currencies like… 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.