AUD/JPY rebounding from Monday's decline, ticks back above 78.00

• Back to where it started the week just above 78.00, buyers set to run out of gas once again.
• AUD/JPY set to cycle near key levels for the time being as investors get pulled back and forth by headlines.

AUD/JPY is bumping higher for Tuesday, clipping into 78.15 as Pacific sector traders seek the week's highs with risk appetite taking a step higher.

The Yen is swinging lower, reversing much of Monday's early action and sending the Aussie right back to where it started the week as directionless action sets up to control the markets. Investor sentiment continues to swing in rough cycles, leaving AUD/JPY to hang in the middle, touching into near-term highs but struggling to go anywhere meaningful. 

Data this week is light for the Yen, though late Tuesday/early Wednesday will be seeing Machinery Orders for November, which are broadly expected to continue slipping lower as China's growth slowdown drags most of Asia with it.

AUD/JPY Technical Levels