AUD/JPY Price Analysis: Bears occupy driver’s seat below 89.00 ahead of Australia inflation

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• AUD/JPY seesaws within a tight range near the lowest levels in a fortnight after falling the most in six weeks.
• Clear downside break of 50-DMA, one-month-old ascending trend line keeps sellers hopeful.
• Looming bear cross on MACD also signals AUD/JPY downside as Australia’s Consumer Price Index data for Q1 and March loom.

AUD/JPY licks its wounds at the lowest levels in two weeks as the pair traders await Australia’s headline inflation data during early Wednesday. That said, the cross-currency pair seesaws around 88.70 after falling the most in six weeks the previous day.