AUD/JPY has a rough start, sinking towards 81.50 on China data miss
- The Aussie is taking a bit of a beating against its peers for Friday, shedding most of the week's gains in the Pacific session.
- China's Retail Sales figures beat expectations, as did Japan's data early in the day, leaving the AUD in the dust.
The AUD/JPY pairing sees Friday's trading getting underway on a notably bearish bent, dropping from the 82.00 handle into 81.50 in risk-off Asian markets for the early session.
The Aussie was helped further lower by Chinese macro figures which showed China's annualized Retail Sales into November slow to 8.1% versus the expected 8.8%, and slowing domestic demand in China bodes poorly for the Aussie, helping to drive the pair further lower against the safe-haven Japanese Yen.
Japanese data released at the Friday rollover showed Japan's Tankan Manufacturing series broadly perform better than expected, helping the Yen to find its footing; the fourth quarter's Tankan Non-Manufacturing Index climbed to 24 (forecast 21, previous 22) while Japan Tankan Large All-Industry Capex came in at 14.3% (forecast 12.7%, last 13.4%), and the surprisingly robust figures from Japan are helping to further skewer the AUD/JPY pairing.
AUD/JPY Technical Levels
Today Last Price: 81.65
Today Daily change: -44 pips
Today Daily change %: -0.536%
Today Daily Open: 82.09
Previous Daily SMA20: 82.17
Previous Daily SMA50: 81.25
Previous Daily SMA100: 81.21
Previous Daily SMA200: 81.87
Previous Daily High: 82.21
Previous Daily Low: 81.64
Previous Weekly High: 84.05
Previous Weekly Low: 80.93
Previous Monthly High: 83.22
Previous Monthly Low: 79.84
Previous Daily Fibonacci 38.2%: 81.99
Previous Daily Fibonacci 61.8%: 81.86
Previous Daily Pivot Point S1: 81.75
Previous Daily Pivot Point S2: 81.41
Previous Daily Pivot Point S3: 81.18
Previous Daily Pivot Point R1: 82.32
Previous Daily Pivot Point R2: 82.55
Previous Daily Pivot Point R3: 82.89