AUD/JPY trying to capture and hold 81.00
- The Aussie is lifting in early Monday trading as risk appetite tests the deeper waters.
- A lack of macro events leaves the pair exposed to swings in market sentiment.
The AUD/JPY is lifting in the early week Asia session, currently in play just over the 81.00 handle.
Monday is a quiet showing on the macro calendar for both the Aussie and the Yen, and JPY traders are going to be looking ahead to the Tokyo Consumer Price Index at 23:30 GMT on Thursday. Tokyo acts as a bellwether for Japan's national CPI figures, and a positive headline for Tokyo Core CPI, currently forecast at 0.9%, could imply the Bank of Japan's (BoJ) drastic easing measures are having an effect, though the Yen's strength lately will no doubt eat away at Japan's inflationary attempts.
AUD/JPY Levels to watch
The pair has bottomed out on Daily candles, and a return trip higher is going to have to push through support-turned-resistance at 81.70 before challenging the last swing high's resistance at 82.60, while a push lower will see major support at the nearest low of 80.50, with very thin support hanging on at the 50.0 Fibo level near 80.80.