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AUD/JPY testing the 98 handle to the downside

FXStreet (Barcelona) - AUD/JPY is trading at 98.11, down -0.50% on the day, having posted a daily high at 98.66 and low at 98.05.

AUD/JPY has been pressing on the 98.20 support and is appearing to want to break new grounds through this key resistance level and tests the 98 handle currently on stimulus from the Australian jobs report which was overall an improvement of the data at the start of the week. However, flows are turning south for the pair. The Employment Change was 24.1K vs 10k expected. Full Time Employment Change was 33.4K and the Part Time Employment Change was -9.4K in Oct vs 21.6K and -51.3K in Sep. The Labor Force Participation Rate was 64.6% in Oct vs 64.5% expected and 64.5% in Sep.

AUD/JPY noteworthy levels

Spot is presently trading at 98.12, and next resistance can be seen at 98.23 (Yesterday's Low), 98.55 (Hourly 100 SMA), 98.62 (Daily Open), 98.63 (Daily Classic S1) and 98.66 (Daily High). Support below can be found at 98.05 (Daily Low), 97.94 (Daily Classic S2), 97.59 (Daily Classic S3), 97.49 (Weekly Classic PP) and 97.01 (Hourly 200 SMA).

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