FXStreet (Guatemala) - AUD/JPY has seen heavy supply at the start of this year and any recovery attempts are short-lived and shallow. The Aussie has been left hung out to dry by investors while the commodity sector and China are driving the price action. The Yen on the other hand has seen good demand on safe haven flows, although those flows were a little lighter last week offering some relief to USD/JPY bulls who were picking themselves up from the midpoint of the 116 handle and lowest levels since August 2015. For the day ahead, again dominated by China, we will see retails sales and industrial production as well as GDP Q4. A combination of this data could be the next catalyst in the cross. AUD/JPY levels Technically, AUD/JPY is trading at levels not seen since October 2012 when the 200 week sma was supporting the recovery from 74.45. The price has dropped from above 100 on the wide as far out as November 2014 and has carved out a defined bearish trend that just recently broke the 200 week sma that stands at 82.34 currently. This was significant and draws attentions towards territory on handles in the 70's where we have already and recently seen a new low of 70.75. For more information, read our latest forex news.