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\n Share:<\/span><\/p>\n The AUD\/JPY reverses its course late in the North American session amid an upbeat market mood, which usually underpins risk-perceived currencies like the Aussie<\/a> Dollar\u2019s (AUD). Nevertheless, the Bank of Japan\u2019s monetary policy<\/a> decision, looming, keeps the Japanese Yen (JPY) in the driver\u2019s seat, as the AUD\/JPY exchanges hands at 97.28, down by 0.42%.<\/p>\n A \u2018bearish-engulfing\u2019 cancel chart pattern is emerging in the daily chart, suggesting the AUD\/JPY might register a leg-down in the near term but it will find buyers at the Tenkan-Sen at 97.16, the first line of defense for bulls. If sellers take that level and push prices below the 97.00 figure, that will exacerbate further losses. The next support would be the Senkou Span A at 96.73, the Kijun-Sen at 96.31, and the Senkou Span B at 96.14. After that, sellers will encounter the 96.00 figure.<\/p>\n Conversely if AUD\/JPY buyers keep the exchange rate from falling below the 97.00 figure, further upside is seen at 97.88, the January 22 high, ahead of the 98.00 mark. A breach of the latter will expose the November 15 high at 98.58, followed by the 99.00 figure.<\/p>\n\n
AUD\/JPY Price Action \u2013 Daily Chart<\/h2>\n