Chart - Courtesy Trading View
AUD/JPY was trading 0.55% lower on the day at 143.16 at around 12:00 GMT, snapping three-days of upside.
RBA minutes from the June monetary policy showed that the Australian economy doesn’t see any signs of recession on the current horizon.
Minutes showed the household spending is resilient despite depreciated paychecks due to higher price pressures.
According to the minutes, the jobless rate is going to remain untouched while fixing the inflation mess.
On the other side, negative market sentiment prevails as investors remain uncertain over Federal Reserve (Fed) chair Jerome Powell’s testimony.
Powell is expected to suggest bringing in more restrictive measures to contain the soaring inflation and on injecting liquidity into the economy.
AUD/JPY is currently holding support at 21-EMA. Retrace below will see dip till 55-EMA. Bounce off 21-EMA will see upside resumption.


JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 



