Currently, AUD/JPY is trading at 79.50, up 0.33% on the day, having posted a daily high at 79.53 and low at 79.14.
AUD/USD has popped higher on the RBa minutes and a weaker US dollar across the board as Tokyo gets under way. AUD/JPY has rallied 30 pips, extending the bullish drift from yesterday's 79.19 lows and recovering the sell-off from 78's run up to 79.72. The 200 dma is the major target at 79.80 ahead of a break to 81.50 previous daily double top.
RBA minutes: Rates on hold consistent with sustainable growth, awaiting Q3 CPI to update assessment
Current price is 79.51, with resistance ahead at 79.53 (Daily High), 79.55 (Yesterday's High), 79.97 (Daily Classic R1), 80.18 (Weekly Classic R1) and 80.24 (Daily 200 SMA). Next support to the downside can be found at 79.40 (Monthly High), 79.40 (Weekly High), 79.24 (Daily Open), 79.23 (Hourly 20 EMA) and 79.18 (Daily Classic PP).