FxWirePro: AUD/JPY extends previous session's slump, on track to test 21-EMA

Chart - Courtesy Trading View 

AUD/JPY was trading 0.95% lower on the day at 96.32 at around 11:10 GMT.

The pair is extending previous session's slump, breaks below 200H MA, raising scope for further downside.

The Japanese Yen strengthens across the board amid jawboning by Japanese officials and rising speculations of the Bank of Japan (BoJ) intervention.

On the other side, recovery in the global risk sentiment as evidenced by a generally positive tone around the equity markets keeps downside in check.

On the data front, Australia Business Consumer Confidence data increased 1 point to +20 in August, according to the National Australia Bank (NAB). 

The survey showed that prices eased in August to 4.4% from a record high of 5.3% in July

Focus now on Thursday’s Australia jobs report and Friday’s speech from the Reserve Bank of Australia (RBA) Governor Philip Lowe for impetus.

Technical indicators are turning bearish. Stochs and RSI are on verge of bearish rollover from overbought levels.