AUD/JPY testing 88.10 ahead of CPI

• AUD/JPY ends New York flat, jumps heading into Tokyo
• Inflation data for Australia at 00:30

AUD/JPY trading up to test the 88.10 region in Asia after falling the previous day, finding its footing around 87.50 before trading flat into the end of the New York session.

The Aussie gained against the Yen following remarks from  Bank of Japan Governor Kuroda reiterating the central bank's dedication to an easy monetary policy stance, and that BoJ market operations will not signal future monetary policy path, continuing to axe market expectations of an early taper. With inflation data for Australia due at 00:30 GMT, the Aussie Dollar will hope for positive economic news to give it a needed boost to resume gaining ground, after slipping recently with its major trading pairs. 

AUD/JPY Technicals

AUD/JPY climbs into the Tokyo session, facing immediate resistance at the 88.10 level, and future bullish moves constrained by a small double top on the Daily charts at 88.90. If the Aussie fails to gain the momentum it needs to break higher, intraday support can be found between 87.85 and 87.80.