AUD/JPY hesitates, holds itself together near 82.00 as China CPI misses the mark

• Aussie manages to keep itself upright despite a miss for Chinese inflation data.
• Both the Aussie and the Yen are data-free until Friday's early session.

The AUD/JPY is still drifting higher in the Thursday Asia session, but is facing some downward pressure following China's miss on inflation figures.

China's April inflation: Downbeat across all indicators

Chinese CPI numbers came in below expectations,  with the month-on-month CPI printing at a -0.2% contraction, below the expected -0.1% forecast. China's Producer Price Index also missed the forecast mark, coming in at 3.4% against the expected 3.5%.

The Aussie is free of data until early Friday, with Home Lonas data at 01:30 GMT, which is expected to print 0.1%, a slight improvement from the previous -0.2% contraction. The Yen has had a light week for data, although not much is about to change for Japan's economic outlook, as the Bank of Japan (BoJ) looks set to maintain their hyper-easy monetary policy for the indefinite future.

AUD/JPY levels to watch

The Daily candles are still looking quite bearish, and yesterday's correction prices in a near low for the pair at 81.13, while a bullish continuation will quickly run into resistance at the 50.0 Fibo level near 82.50 and the 50-day EMA at 82.80, while a bearish continuation will have to contend with April's low near 80.80 to get the long-term bearish trend restarted.