AUD/JPY capped by 83.00 on China data dump

The AUD/JPY cross failed to benefit from slightly upbeat Chinese macro releases, leaving the rate little changed just shy of 83 handle.

AUD/JPY capped by 5-DMA

The AUD/JPY cross remains on the back foot, despite better-than expected Chinese industrial production and retail sales data, which helps keep the AUD/USD pair near daily tops.

China data dump: Retail sales and industrial production beat estimates

However, increased demand for the Yen across the board amid negative oil prices and treasury yields, points towards risk-averse market conditions, which restricts further upside in the cross.

All eyes now remain on the FOMC decision due later in the NA session for fresh impetus on the greenback, eventually influencing both the AUD and JPY.

Technical Levels

Higher side: 83.11 (50-DMA), 83.50 (psychological levels), 84.25 (200-DMA)

Lower side: 81.92/91 (key support), 81.71 (multi-week low), 81.43 (Apr 19 low)