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    AUD/JPY fails to resist above 80 yet again, risk-off weighs

    A renewed risk-aversion wave gripped the markets this Thursday, knocking-off AUD/JPY sharply lower from above 80 mark on increased bids for the safe-haven yen.AUD/JPY making lower tops on daily chartsThe AUD/JPY pair now drops -0.47% to 79.73, hovering close to fresh session lows struck at 79.66 pre-China open. The recovery in AUD/JPY lost steam ahead of 80 handle and now dives deeper in the red, reverting towards NY lows reached at 79.62.AUD/JPY (risk barometer) remains submerged in the red as persisting risk-off market profile reinforced by poor Chinese CPI figures bolstered the safe-haven demand for the JPY. While the AUD/USD pair also maintains an offered tone on the back of a minor-correction, following the RBA-led rally.Looking ahead, the cross will track the broader markets sentiment amid higher oil prices, while the US jobless claims will be eyed for fresh cues on the prices.AUD/JPY Technical LevelsTo the upside, the next resistance is located at 80.15/28 (daily & Jun 8 High) and above which it could extend gains to at 81.04 (50-DMA).To the downside immediate support might be located 79.50/47 (psychological levels/ 5-DMA) below that at 78.98 (daily S2). 

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