AUD/JPY: Bears target 82.00 on geopolitical tensions?

The AUD/JPY cross resumes its recent downtrend on Good Friday, reversing a temporary rebound seen yesterday, as persistent risk-off market profile continue to weigh negatively on the risk barometer.

The weakness is largely on the back of fresh selling interest seen behind USD/JPY, after the JPY bulls regained footing on renewed risk-off wave that gripped markets.

Latest comments from the North Korean foreign minister reflects ongoing geopolitical tensions between the US and North Korea, which dents the investor sentiment.

However, over the last hour, the spot appears to find some support amid renewed bid tone seen around the AUD/USD pair, with the Aussie now moving closer towards daily tops.

Markets now eagerly await the US macro updates for fresh impetus, as holiday-thinned markets leave the cross largely depressed.

Technical Levels

Higher side: 82.91/83 (200-DMA/ round number), 83.52 (Classic S2/ Fib R3), 83.92/84 (20-DMA/ zero figure)

Lower side: 81.87/82 (multi-month lows), 81.40 (Classic S2/ Fib S3), 81.00 (key support)