The bid tone around the anti-risk Japanese Yen (JPY) strengthened, pushing the AUD/JPY lower to 75.51, despite growing pressure on the Bank of Japan (BOJ) to ease more.
As far as technicals are concerned, the outlook remains neutral with the pair still trading in a sideways channel on the daily chart. At press time, the pair is trading at 75.52. The lower edge of the channel is seen at 75.26 and the upper end is located at 76.05.
Pivot points
R3;76.51
R2;76.29
R1;76.05
PP;75.83
S1;75.59
S2;75.37
S3;75.13


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