AUD/JPY recovers amid risk reset as China’s coronavirus numbers join the latest risk-positive headlines. Upbeat data from Japan, the return of Tokyo traders after the long weekend add to the pair’s strength. Additional details from Japan, coronavirus headlines will be the key. AUD/JPY bounces off three-week low to 73.30, +0.28%, during the early hour of the Tokyo open. The pair recently benefited from the risk reset while the return of the Japanese traders after the Emperor’s Birthday also contributed to the pair’s recovery. On their return from Monday’s holiday, Japanese traders initially cheered better than forecast 2.1% to 2.3% figures of the Corporate Service Price Index for December month. However, the major boost came from the coronavirus (COVID-19) news that recently started challenging the previous risk-off. The latest coronavirus figures from China suggest the death toll receding from 150 on February 23 to 71 by the end of February 24 whereas the new confirmed cases grew from 409 to 508 during the same period. The epicenter Hubei also follows the suit with a decline in deaths to 68 from 149 prior compared to 499 new cases against 398 previous readouts. Also challenging the previous risk-off could be the US President Donald Trump’s mildly positive outlook, as far as the COVID-19 is concerned, as well as upbeat comments from the Federal Reserve Cleveland President Loretta Mester. Furthermore, Japanese Finance Minister Taro Aso mentioned that he still doesn’t consider additional stimulus to respond to the Chinese epidemic. While portraying the risk reset, the US 10-year treasury yields recover three basis points (bps) from its three-year low to 1.41% whereas Japan’s NIKKEI also tame early-day losses to -3.0%. Investors will now pay close attention to how Japanese traders react to the coronavirus updates as well as the second-tier activity gauges from Japan. Technical Analysis Unless breaking 200-day SMA and an ascending trend line from September 2019, respectively around 74.20 and 74.75, prices are less likely to avoid visiting a rising support line from October around 72.60. 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 Bitcoin Price Prediction: After major dip from the $10,000 level, BTC/USD tries to consolidate above $9,600 – Confluence Detector FX Street 2 years AUD/JPY recovers amid risk reset as China’s coronavirus numbers join the latest risk-positive headlines. Upbeat data from Japan, the return of Tokyo traders after the long weekend add to the pair’s strength. Additional details from Japan, coronavirus headlines will be the key. AUD/JPY bounces off three-week low to 73.30, +0.28%, during the early hour of the Tokyo open. The pair recently benefited from the risk reset while the return of the Japanese traders after the Emperor’s Birthday also contributed to the pair’s recovery. On their return from Monday’s holiday, Japanese traders initially cheered better than forecast 2.1% to 2.3% figures… 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.