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AUD/JPY steady on 84 handle

FXStreet (Guatemala) - AUD/JPY is currently trading at 84.31 with a high of 84.37 and a low of 84.25.

AUD/JPY has attempted to make a minor recovery post the news from the BoJ that they do not expect to need to ease further in October. The 84 handle was put under pressure, but has begun to stabilize with the 20 SMA on the 4hr sticks supporting.

We now await retails sales from Australia as the next catalyst for the pair, while Japan releases jobs data prior to the open of Tokyo as second tier data. Australian retails sales is expected at 0.45 vs -01% previous. Then tomorrow, we have the Nonfarm Payrolls expected in the region of 200k.

AUD/JPY levels

Technically, AUD/JPY is still key MA's on the hourly chart and key levels below the 20 DMA on the daily chart at 84.74 and 200 DMA at 84.47 while RSI (14) on the 4hr hr 49 and starting to recover to the mid point as the pair consolidates the downside.

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