AUD/JPY chart - Trading View
AUD/JPY gapped down in the week's opening trade as Turkish action dented investor sentiment, driving weakness in the pair.
Turkey's President Tayyip Erdogan decided to replace hawkish central bank governor with a like-minded critic of high-interest rates.
Speculation that the decision might lead to short covering by Japanese individual investors (invested in Turkey lira for its high rates) led to spike in yen.
Phase 3 study showed AstraZeneca covid vaccine is safe and highly-effective, Reuters reports, citing the University of Oxford release.
Markets shrug off the encouraging vaccine news and the pair continues to trade weaker.
Price action has slipped below 200H MA and has tested 21-EMA support. Break below will drive more weakness.
Major supports are seen at 82.54 (23.6% Fib), 81.94 (55-EMA) and 80.03 (110-EMA). 5-DMA is immediate resistance at 84.36 ahead of 200 month MA at 84.66.


BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY on nervous hold around 160.00
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data 



