- Aussie trades in place against the Yen as markets brace for Friday’s NFP.
- Market sentiment is in control, but lacking direction as traders process a heavy day.
The AUD/JPY is trading flat ahead of Friday’s Asia session, trading near 82.30.
Markets went flat on Thursday, and the Aussie cycled against the Japanese Yen as traders brace for Friday’s Non-Farm Payrolls from the US.
Risk appetite intially recovered on the news that Italy’s coalition government beat the odds and successfully formed a government, but the sentiment quickly soured after US President Trump imposed his famous steel and aluminum tariffs on three of the US’ biggest allies and trading partners.
The economic calendar is populated with low-tier data for the AUD/JPY, and sentiment is likely to remain the key decider of action heading into the weekend.
AUD/JPY levels to watch
Daily candles still have the pair trying to develop a bullish move from a higher low at early May’s swing point near 81.15, and bullish traders will be looking to capitalize on market risk recoveries, 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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