AUD/JPY: slightly offered to new Asian low, awaits BoJ and RBA

Currently, AUD/JPY is trading at 0.7606, down -0.05% on the day, having posted a daily high at 0.7622 and low at 0.7602.

China PMI's preview - what to expect in AUD/USD?

AUD/JPY is slightly offered in the daily consolidation of the broad late Sep rally from the 76 handle to penetrate through to 80.30 highs late Oct. For the current climate, the cross is one to watch given its risk-on/off status and there are plenty of events coming up which could offer some wild swings in the cross. The yen will be favoured for its safe haven status, so there are potentially larger risks in the balance to the downside in the cross on some event such as a Trump victory which is not as such an unreality as it was at the start of last week post the FBI announcements that came on Friday. 

RBA preview - what to expect in AUD/USD?

For today, we have both Central Banks meeting, albeit both expected to stay on hold. We also have the Chinese data coming up on the hour to contend with that could offer a catalysts on anything off expectations. 

AUD/JPY levels

In tight ranges, current price is 79.65, with resistance ahead at 79.77 (Daily Open), 79.79 (Hourly 20 EMA), 79.85 (Hourly 100 SMA), 79.89 (Daily High) and 79.94 (Monthly High). Next support to the downside can be found at 79.63 (Daily Classic PP), 79.63 (Daily Low), 79.63 (Hourly 200 SMA), 79.60 (Weekly Classic PP) and 79.29 (Weekly Low). On volatility, on the wide, 80.00 to the upside and on a break of the 200 dma at 79.53, 79.00 to 77.80/40.