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AUD/JPY trades with bullish bias within tight ranges

FXStreet (Guatemala) - AUD/JPY is trading at 101.72, up 0.08% on the day, having posted a daily high at 102.04 and low at 101.45.

AUD/JPY is a choppy play on the 101 handle but remains in bullish territory and trades with a bullish bias within the range. The Yen remains on the back foot and despite a weaker Chinese flash PMI overnight, the Aussie maintains a bid tone in general. However, the US data was supportive of the greenback earlier today in general and has taken some of the shine from the pair as it moves in down towards the 0.8600 supportive level.

AUD/JPY noteworthy levels

With spot trading at 101.73, we can see next resistance ahead at 101.75 (Hourly 20 EMA) and 102.02 (YTD High). Support below can be found at 101.68 (Daily Classic PP), 101.66 (Hourly 100 SMA), 101.45 and 101.34.

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