AUD/JPY drops as USD’s broad-based recovery weighs over AUD/USD. Above-forecast China PPI and CPI data fail to inspire the AUD bulls. Signs of easing in China’s factory deflation is failing to put a bid under the China-sensitive Aussie dollar. The AUD/JPY pair remains on the offer near session lows below 80.35, representing a 0.5% drop on the day. As measured by the Producer Price Index, China’s factory gate prices fell 0.4% year-on-year in December, following November’s 1.5% drop and beating the forecast of a 0.8% contraction. While the pace of price decline eased in December, the deflation persisted for the 10th straight month. The Consumer Price Index rose 0.7% month-on-month in December, marking a bigger-than-expected rebound from November’s 0.6% contraction. So far, however, the China data and the upbeat Aussie Retail Sales released early Monday have failed to impress the Aussie bulls. The rising US Treasury yields and the oversold bounce in the US dollar are weighing over the AUD/USD pair and keeping AUD/JPY under pressure. According to some analysts, a sustained rise in treasury yields could cause a correction in global stocks. In that case, the AUD/JPY pair could take a beating. Technical levels 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 AUD/USD fails to cheer upbeat China inflation data, prints three-day downtrend towards 0.7700 FX Street 2 years AUD/JPY drops as USD's broad-based recovery weighs over AUD/USD. Above-forecast China PPI and CPI data fail to inspire the AUD bulls. Signs of easing in China's factory deflation is failing to put a bid under the China-sensitive Aussie dollar. The AUD/JPY pair remains on the offer near session lows below 80.35, representing a 0.5% drop on the day. As measured by the Producer Price Index, China's factory gate prices fell 0.4% year-on-year in December, following November's 1.5% drop and beating the forecast of a 0.8% contraction. While the pace of price decline eased in December, the deflation persisted for the 10th… 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.