AUD/JPY chart - Trading View
AUD/JPY was trading 0.51% higher on the day at 81.71 at around 09:15 GMT, hits 7-week highs.
Yen remains on the backfoot amid Japan’s political jitters after news of the Japanese Prime Minister's step down to tackle coronavirus infections.
On the other side, Aussie gains after the news confirmed that the Australian Prime Minister Scott Morrison confirmed to get 4m doses of Pfizer vaccine from the UK.
Australian dollar largely ignores downbeat Retail sales data, which declined 2.7% in July, from -1.8% in June.
The pair 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 has raised scope for further upside. The pair is testing 110-EMA resistance at 81.75.
Momentum indicators are strongly bullish. RSI is well above the 50 mark. MACD and ADX support gains.
Scope for test of 200-DMA at 81.96. Rejection at 110-EMA and retrace below 21-EMA will negate any upside bias.


NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



