AUD/JPY swings back towards 77.00, despite mixed Aus jobs data

Despite mixed Australian jobs report, the cross in the AUD/JPY is seen making minor-recovery attempts and jumps back above the mid-point of 75 handle.

AUD/JPY looks to regain 5-DMA at 77.13

The AUD/JPY pair now recovers losses to trade around 76.70, quickly bouncing-off a dip to session lows at 76.41. The AUD/JPY cross stalled its downslide and rebounded sharply following the release of above estimates Aus employment data, although the bears keep lurking as the full-time employment figures drop drastically.

While on the JPY side-of the story, poor Japanese trade data failed to weigh on the yen bulls and thus, keeps the USD/JPY pair deep in the red, capping the recovery in the cross.

Looking ahead, with the FOMC minutes and Aus jobs data out of the way, focus shifts towards the US dataflow and Fed speak due later in the NA session.

AUD/JPY Technical Levels

To the upside, the next resistance is located at 77.13 (5-DMA) and above which it could extend gains to at 77.62/632 (10 & 20-DMA).To the downside immediate support might be located 76.13 (daily S1) below that at 75.50 (psychological levels).