AUD/JPY stuck at 77.00 handle

A look at the 4-hour chart suggests the 77.00 handle is proving to be a tough nut to crack for the AUD/JPY pair ahead of the BOJ policy decision.

Trapped between hourly 100-MA & hourly 200-MA

At 76.80, the pair appears trapped between the hourly 50-MA and hourly 200-MA levels located at 76.70 and 76.91 respectively. Also note that Pivot level stands at 76.83 as well.

Yen traders await the BOJ decision and have ignored Japanese data released a few minutes ago that showed a surprise trade deficit for the month of August. Aussie side of the story has taken a back seat with AUD/JPY pair trading flat lined around 0.7550 levels.

AUD/JPY Technical Levels

Breach of 76.70 (hourly 100-MA) would expose support at 76.49 (pivot support), under which the spot could target 76.00 handle. On the higher side, break above 77.00 (zero figure) could yield 77.42 (Sep 14 high) and 78.00 (zero figure) levels.