Forex: AUD/JPY slightly higher on risk appetite

FXstreet.com (Barcelona) - Slightly risk sentiment improvement in Asia-Pacific on relatively better than expected trade balance figures coming out of China during the weekend is pushing AUDJPY higher, last near session highs at 82.81, on Aussie strength. AUDUSD is printing fresh session highs at 1.0419, while USDJPY is about flat since previous weekly close Friday around 79.48, following worse than expected Japan GDP numbers, showing an annualized -3.5% contraction.

Local share markets are showing over all modest gains after turning to the upside from session lows in the red, except Nikkei index, that still trades below, losing some -0.59%. Gold is slightly positive from previous close, while Oil is doing the opposite, down marginally below the $110 mark for the Brent barrel. With US markets closed Monday on Veterans Day, all focus will shift to Eurogroup meetings taking place all Monday in Brussels, with Greece on the agenda all over the place.

Immediate support to the downside for AUDJPY lies at recent session lows 82.46, followed by Oct 26 lows/200 day SMA at 82.27, and Friday's/Oct 30 lows at 81.98/6. To the upside, nearest term resistance shows at past Monday Oct 05/Wednesday/Thursday's Asia-Pacific session lows-Friday's highs 82.99, followed by Monday Oct 05/Thursday's highs at 83.45, and Nov 02/Tuesday's Asian session highs at 83.62.