AUD/JPY offered around 82.00 for the fourth time in six days

The offered tone around the AUD/JPY pair strengthened again around 82.00, marking the fourth failure at the psychological level in the last six days.

Yen on the rise as the treasury yields retreat

The Dollar-Yen pair is on the back foot in Asia, trading below 108.00 levels as the 10-year treasury yield shed more than two basis points. The corrective move in the Yen is weighing over the AUD/JPY cross.

The cross was offered at a high of 82.01 before retreating to 81.56 levels. The pair was last seen trading around 81.72 levels.

AUD/JPY Technical Levels

Repeated failure near 82.00 handle makes the psychological level a strong resistance, which, if breached on a daily time frame would open doors in 83.00 (zero figure). A violation there would expose 84.12 (38.2% of Nov 2014 high - June 2016 low). On the lower side, breach of support at 81.25 (5-DMA) would shift risk in favor of a drop to 80.61 (10-DMA) and 80.00 (200-DMA) levels.