AUD/JPY bears and bulls break even

FXstreet.com (Chicago) - AUD/JPY pocketed 0.03% gains after short-lived swings in very quiet Asian session.

According to technical analyst Sean Lee, the pair is likely to be the key intraday mover for Tuesday’s session. The yen weakened on rumors stating Prime Minister Abe might be considering a corporate tax-cut. Earlier on the session, Japan reported better than expected machinery orders at 4.9% vs. estimates at 2.4%.

Technically speaking, the pair oscillates between supports at 88.50 (August 5th highs), 88.19 (August 8th highs) ahead of 87.85 (August 8th lows) and resistances at 88.91 (July 30th highs), 89.14 (August 1st highs) followed by 89.46 (June 21st lows). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis along a CCI indicator pointing up