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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

AUD/JPY

Overview:
    Today Last Price: 81.65
    Today Daily change: -44 pips
    Today Daily change %: -0.536%
    Today Daily Open: 82.09
Trends:
    Previous Daily SMA20: 82.17
    Previous Daily SMA50: 81.25
    Previous Daily SMA100: 81.21
    Previous Daily SMA200: 81.87
Levels:
    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

 

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