AUD/JPY chart - Trading View
AUD/JPY was trading 0.29% higher on the day at 81.20 at around 11:10 GMT.
The pair is attempting a break above 50-DMA resistance, scope for test of 200-DMA at 81.93.
Aussie Trade Balance rose past market consensus, while souring risk appetite amid virus woes keeps safe-haven demand for yen.
Australia trade balance prints at 12117M, crosses 10200M market consensus and 10496M previous readout.
Details of the report showed Imports and Exports also improved from 1.0% and 4.0% respective priors to 3.3% and 4.8%.
Furthermore, Investment Lending for Home crossed 0.7% level of June with 1.8% figures for July.
AUD/JPY is extending gains for the 2nd straight week. Price action has bounced off weekly cloud and 200-week MA support.
Decisive break above 50-DMA will see test of daily cloud ahead of 200-DMA at 81.93. Rejection at 50-DMA and retrace below 21-EMA will negate any upside bias.
