AUD/JPY remains directed below 81.00 ahead of RBA decision

• AUD/JPY consolidates losses on Tuesday in the Asian session.
• RBA decision, Retails sales data keeps Aussie on edge.
• The Japanese yen gains on risk-off mood among investors.

AUD/JPY edges lower on Tuesday’s Asian session. The pair trades cautiously ahead of the key Australian data.  As of writing, the AUD/JPY is trading at 80.70, down 0.05% for the day.

Investors ditched the aussie on the back of mixed  economic data and braced themselves for the upcoming Reserve Bank of Australia’s (RBA) interest rate decision. The Job Advertisement declined by 2.8% in September whereas the IHS Markit Australia Composite Purchasing Managers Index (PMI) came at 46.5 in September as compared to 43.3 in August.

It is worth noting that S&P 500 Futures were trading at 4,274 down 0.39% for the day.

On the other hand, the Japanese yen remains grounded on its safe haven appeal in the time of uncertainties. 

As for now, traders turn their attention to the Japanese Jibun Bank Service PMI, Australia Retails sales data , and RBA Interest Rate Decision to gauge the market sentiment.

AUD/JPY additional levels