- Aussie sees little support from a blank economic calendar for the early week.
- Yen gaining ground in early Tuesday trading, risk appetite teetering on the brink.
The AUD/JPY is trading lower heading into Tuesday’s Tokyo session, trading below 82.50 as the yen gains traction in early Asia trading.
The Aussie couldn’t hold itself up against the Yen in the new week, and the pair flubbed Monday’s bullish gap to trade back into Friday’s lows.
The AUD sees a clear schedule until Wednesday, but the Yen saw the Japanese Unemployment Rate hold steady at 2.5%, but the Jobs/Applicant Ratio ticked lower, from 1.6% to 1.59%.
AUD/JPY levels to watch
Daily candles have the pair still lifting from a higher low at early May’s swing point near 81.15, and the pair could be developing some support from the 50.0 Fibo level around 82.85, with last week’s high of 84.50 putting in a two-month high for the pair as Aussie bulls continue to push from recent fourteen-month lows.
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