AUD/JPY

• The Aussie whipped against the Yen as market sentiment continues to swing.
• A thin macro calendar to be overshadowed by a looming reaction from China on tariffs.

The AUD/JPY is heading into Tuesday near 82.20 after whipping in Monday's action.

The pair kicked off the week near 82.00, and spiked to 82.58 before tumbling back and finishing Monday at 82.20, where the pair is currently wiggling ahead of the Tokyo trading session.

It's a light data day for both pairs except for Japanese Machine Orders due at Tuesday's end at 23:50 GMT, and market eyes are going to be sticking to the ongoing tariff tensions between the US and China, as China has yet to officially respond to the US' latest round of tariff threats. China's President, Xi Jinping, will be speaking at the Boao Forum today, and he is expected to touch on trade policy while at the podium.

AUD/JPY Levels to watch

With the pair rebounding off a 16-month low, March's high and low represent immediate barriers to continuation in either direction rests at 84.52 and 80.50, with near-term resistance at the 34-day EMA near 82.70, with additional support at the last swing low at 81.25.