AUD/JPY sluggish to recovery from fresh 24-month low

• The Aussie’s early-day bid sees limited upside as traders close the gap, but accomplish little else.
• A fresh 24-month low for AUD/JPY leaves the pair shuffling its feet at the very bottom.

AUD/JPY is seeing limited early-session gains into 78.30 after gapping into a new two-year low at 78.04 to open the markets for Monday. Risk appetite remains limited throughout the broader markets, and the Aussie continues to suffer in lock-step with a lagging Chinese economy, while investors keep one foot firmly planted in the safe-haven Yen.

The United States Economy and Politics in 2019

Investor risk sentiment has been a largely negative affair in the Pacific theater, sending the Aussie lower against the JPY, with a broader economic slowdown impeding investment and US-China trade tensions still looming over sentiment, and hopeful headlines regarding Sino-US trade relations are beginning to overstay their welcome as traders wait for concrete results.

AUD/JPY Technical Levels