FxWirePro: Asian markets turn risk averse boosting yen demand, AUD/JPY hits multi-week lows at 82.82

AUD/JPY downside gathers pace, sending the pair to multi-week lows at 82.82, 82.50 next target for bears.

• Investors seek safer havens away from risk as Asian markets turned risk averse as Monday's Chinese industrial profits data re-ignited China slowdown fears 
   
• The safe haven Japanese Yen strengthened amid risk aversion, while Aussie, a proxy for China, declined
   
• Immediate support is located at 82.50 (Sep 8 low), under which the pair could extend losses to 82.20 (Sep 7 low), while resistance is seen at 83.82 (day's high) ahead of  84.43 (5-DMA)
   
• Techs point lower, RSI on daily and weekly charts below 50 confirm further downside for the pair 
   
• Due later in the week are ChinaCaixn Manufacturing PMI's along with NBS Manufacturing data and U.S. Nonfarm Payrolls which could influence the pair