AUD/JPY Asia Price Forecast: Aussie holds above the 71.00 figure vs. yen, bullish

• AUD/JPY is trading off 12-week highs as the bullish sentiment in Wall Street remains strong.
• The level to beat for bulls is the 71.75 resistance.

AUD/JPY four-hour chart

 
AUD/JPY dipped and found some support near the 71.10 level. The buyers remain in full control of this market which is making higher highs and lows. Bulls will be looking for a break above the 71.75 level as the sentiment on Wall Street keeps improving. The next resistance to the upside can be located near the 72.50/88 price zone. On the flip side, a break below the 71.10 support could lead to further selling interest in the medium-term with supports seen near the 70.15 and 69.60 levels.  
 

Additional key levels

AUD/JPY