Forex: AUD/JPY at session lows following bad Aus trade balance figures

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Forex: AUD/JPY at session lows following bad Aus trade balance figures

FITITOL--> FXstreet.com (Barcelona) - AUD/JPY is near session lows last at 81.40, correcting from daily highs around 81.70, after bouncing from yesterday's fresh 3-month lows at 80.54, now around same starting price for the week where it closed Friday.

The cross has retraced during the Asia-Pacific session as worse than expected Australia trade balance figures were published, and USD/JPY jumped to session highs above 80.00 helped by bouncing stocks and weaker Yen, but not for too long, since it went back below 80.00 while these lines are written, last at 79.97.

Immediate support to the downside for AUD/JPY show at recent session and Friday's lows 81.33/27, followed by yesterday's and Feb 01 lows 80.68/54 and Jan 30 lows 80.51, while for the upside nearest resistance comes at yesterday's highs 81.70, followed by Feb 06 lows 81.88, and May 01 lows 82.10.