AUD/JPY fades to 81.50 as Yen climbs once more in Tokyo

• The Aussie is losing more ground against the Yen as disappointing macrodata weighs on risk appetite.
• Traders are moving back into the Yen as risk aversion takes hold of markets ahead of the Easter holidays.

The AUD/JPY pair is dropping in Tokyo trading, falling into 81.50 as the Yen resumes climbing on thin holiday markets.

The Yen is experiencing a small bounce following Tokyo CPI figures that largely missed expectations, and risk aversion is mildly impacting markets heading into the Easter long weekend.

Job availability also declined in Japan today for the first time since September of 2012, and the unemployment rate also ticked up, applying further pressure to an economy that is struggling to gain traction in increasing wages,

AUD/JPY Levels to consider

The AUD has been a consistent loser against the Yen since late January, and recent attempts to regain footing have been met by intense resistance from early March's swing low at 81.85, with further near-term resistance sitting over last week's failed push higher at 82.55, while today's drop sees the pair challenging intraday support from last week's swing lows at 81.45, with further support at Wednesday's low of 80.75.