AUD/JPY prints mild losses while stepping back from two-week-old horizontal resistance. Bearish MACD, downbeat market sentiment backs further weakness ahead of the key event. RBA is likely to keep the benchmark rate, bond purchase unchanged but Rate Statement will be the key to watch. AUD/JPY bounces off intraday low while picking up bids to 84.60, down 0.05% on a day, during early Tuesday. Even so, the quote registers another failure to cross the horizontal hurdle established since April 20. Not only the nearby resistance area close to 84.

https://www.fxstreet.com/news/aud-jpy-price-analysis-remains-directed-towards-immediate-support-below-8500-ahead-of-rba-202105040223

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