AUD/JPY Price Analysis: Friday’s bullish close looking for a rebound into 98.00

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• The AUD/JPY saw a late break higher in Friday’s broad-market sentiment recovery.
• The Aussie is catching a bounce from the 200-hour SMA and a rising trendline.
• The technicals are leaning bullish with more upside on the cards, but headwinds remain.

The AUD/JPY snuck over the 97.50 level just ahead of the Friday closing bell, trying to claw back some of the midweek’s losses after the pair tumbled from a Wednesday peak of 98.66.