AUD/JPY forcefully takes 82.00 following Fed rate hike

• Yen recedes, Aussie capitalizes as Fed's rate hike moves broader markets.
• Aussie jobs data up next at 00:30 GMT, bulls hopeful for positive figures.

The AUD/JPY climbed late Wednesday following the Fed's interest rate hike, reaching a high of 82.57 before receding to the 82.35 region heading into the overnight session.

The Aussie caught a break today as the Yen receded in broader markets on the back of the Fed's rate hike. Japan's markets return to the market fray later after taking yesterday off to celebrate the Equinox holiday, and potential risk aversion on the Japanese government's ongoing land sale scandal could dampen risk appetite in the Asia session coming up.

Aussie jobs up next

It's jobs day on the Aussie side of things, with the Australian Unemployment Rate and Employment Change figures at 00:30 GMT, with unemployment expected to stay flat at 5.5%, same as the previous period, while the Employment Change is forecast at 20k, versus the previous period's 16k.

With the Fed's interest rate at 1.75%, the interest rate differential on the Aussie is now skewed to the bearish side for the first time in 18 years, and structural bearishness is building within the AUD.

AUD/JPY Levels to watch

Technically, the pair has managed to recover from early March's low, but bearish pressure is mounting and the pair is beginning to struggle on Daily candles at the 50-day EMA. Current support is sitting at the 82.00 psychological level and Wednesday's low of 81.45, with resistance at Wednesday's high of 82.57 and the 50.0 Fibo level at 82.90.