AUD/JPY fails to extend the bounce off 71.17 much beyond 71.43. Japan’s Retail Sales, Tokyo CPI and Unemployment Rate flashed better than forecast results. 200-HMA adds to the downside support below a two-week-old rising trend line. Buyers will wait for a sustained break above the weekly resistance line. AUD/JPY drops to 71.33 after the key economics from Japan recently weighed on the pair amid the initial Asian session on Friday. Read: Tokyo area May Core CPI +0.2% YoY smashes estimates of ‐0.2％ Even so, the quote stays above an upward sloping trend line stretched from May 15, at 71.20 now, a break of which could drag the AUD/JPY prices towards a 200-HMA level of 70.80. In a case where the bears dominate past-70.80, 70.00 and May 13 top near 69.75 could become their favorites. Meanwhile, 71.55 my offer immediate resistance ahead of the weekly falling trend line, currently around 71.75. Should there be a clear run-up beyond 71.75, 72.00 and January month low near 72.45 may return to the charts. AUD/JPY hourly chart Trend: Bullish 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 EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates FX Street 3 years AUD/JPY fails to extend the bounce off 71.17 much beyond 71.43. Japan’s Retail Sales, Tokyo CPI and Unemployment Rate flashed better than forecast results. 200-HMA adds to the downside support below a two-week-old rising trend line. Buyers will wait for a sustained break above the weekly resistance line. AUD/JPY drops to 71.33 after the key economics from Japan recently weighed on the pair amid the initial Asian session on Friday. Read: Tokyo area May Core CPI +0.2% YoY smashes estimates of ‐0.2％ Even so, the quote stays above an upward sloping trend line stretched from May 15, at 71.20 now, a… 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.
