AUD/JPY moving back into bearish territory

FXStreet (Guatemala) - AUD/JPY is trading at 97.29, down -0.23% on the day, having posted a daily high at 97.56 and low at 96.98.

AUD/JPY has been consolidating on the lower end of 97 handle with the commodity currencies soft starting out soft and the greenback taking control. The Yen has been pushed back into negative territory although remains with the upper hand over the Aussie.

Trading below 98.00, daily RSI sits at 41.99, in neutral territory. However, the cross is moving into critical bearish territory and threatens the recovery from 95.25 in the broader bearish trend.