AUD/JPY slides on missed China data, threatening fall into 77.00
- China inflation data leaves much to be desired, sends risk assets down across the board.
- The early week's rise on investor hopes for US-China trade talks are giving way to dismal inflation numbers.
AUD/JPY started Thursday's trading window on the upside, holding onto ground near the recently-hit 78.00 handle, but the pair is sliding back below 77.20 at the Tokyo market open as China CPI/PPI data broadly misses the mark, sparking a fresh run into safe-havens and taking the Aussie down a notch on flagging China figures.
.China's CPI eases to 1.9% y/y in December, misses estimates
Despite early-week bullish hopes, China's economic data continues to print to the downside, leaving the Aussie to twist in the breeze as investors come back down to earth on the Chinese slowdown that is hitting all of the major datapoints for China's domestic economy, threatening the Australian economic landscape as well.
AUD/JPY Technical Levels
Today Last Price: 77.22
Today Daily change: -34 pips
Today Daily change %: -0.438%
Today Daily Open: 77.56
Previous Daily SMA20: 78.44
Previous Daily SMA50: 80.66
Previous Daily SMA100: 80.57
Previous Daily SMA200: 81.5
Previous Daily High: 78.11
Previous Daily Low: 77.4
Previous Weekly High: 78.08
Previous Weekly Low: 70.71
Previous Monthly High: 84.05
Previous Monthly Low: 77.15
Previous Daily Fibonacci 38.2%: 77.67
Previous Daily Fibonacci 61.8%: 77.84
Previous Daily Pivot Point S1: 77.27
Previous Daily Pivot Point S2: 76.98
Previous Daily Pivot Point S3: 76.56
Previous Daily Pivot Point R1: 77.98
Previous Daily Pivot Point R2: 78.4
Previous Daily Pivot Point R3: 78.7