The Aussie dips as risk aversion continues through from Tuesday. Limited readings on the economic calendar unlikely to wrestle control back from market sentiment. The AUD/JPY is heading lower once again in early Asia trading, falling back into the 81.00 region as risk aversion picks up the pace for Wednesday. The Aussie fell against the Japanese Yen on Tuesday as risk appetite retreats in the broader markets, and the drop looks set to continue into today as the pair struggles to put in a floor above the 81.00 major level. Japan’s Retail figures came in mixed, with Large Retailer’s sales coming in at -0.8%, a slightly deeper contraction than the expected -0.5%, while overall Retail Trade for the yearly period into April came in at 1.6%, a better figure than the forecast 1%. Australian Building Permits for April, dropping at 01:30 GMT, are forecast to contract by -3% compared to the previous 2.6%. AUD/JPY levels to watch With the pair teasing into 81.00 in the early Wednesday session, bearish moves are continuing to gain strength while bullish attempts to correct the action are faltering. Today’s drop punches in a new two-month low for the pair, and the next major support target will be March’s low at 80.50, while a meaningful long-term bullish turnaround will first have to break through 82.35 and 84.45, the 38.2 and 61.8 Fibo retracement levels, respectively. 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/CNY fix projection: 6.4237 – Nomura FX Street 5 years The Aussie dips as risk aversion continues through from Tuesday. Limited readings on the economic calendar unlikely to wrestle control back from market sentiment. The AUD/JPY is heading lower once again in early Asia trading, falling back into the 81.00 region as risk aversion picks up the pace for Wednesday. The Aussie fell against the Japanese Yen on Tuesday as risk appetite retreats in the broader markets, and the drop looks set to continue into today as the pair struggles to put in a floor above the 81.00 major level. Japan's Retail figures came in mixed, with Large Retailer's… 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.