• AUD/JPY rejected at session high by 78.55, trades around 78 handle. 
   
• Pair struggles to break above 20-DMA at 78.42. Momentum studies are neutral. 
   
• Upside finds stiff resistance at 78.55 (falling trendline). Break above required for further gains.
   
• On the downside 50-DMA at 78.05 is immediate support, break below finds next support at 77.35 (trendline).
   
• Weekly charts show further upside in the pair. Watchout for break above 78.55 for upside upto 78.65.
   
• Japanese markets stay shut on account of Mountain Day holiday, risk trends to influence direction amid low volumes and limited volatility.