NZD/JPY slipping from 79.00 as bulls hesitate

NZD/JPY lifts to match early Tuesday actors.

Risk mode for markets could end prematurely if factors keep print negatively.

The NZD/JPY pair is looking to retain the 79.00 handle following a better-than-expected showing for Japanese Machine Orders that is giving the Yen a reason to jump.

The Kiwi gained steadily in Tuesday's trading as China's Xi Jinping gave markets a reason to swing risk-on after the Chinese President delivered a measured statement on international trade while speaking at the Boao Forum yesterday. The risk mood continued through to the end of the day, and the NZD/JPY made a high of 79.14 before receding slightly heading into the Aisa session.

The Aussie will see Consumer Confidence number at 00:30 GMT, followed by potential knock-on volatility from Chinese inflation figures due at 01:30 GMT, but the mover is likely to be Reserve Bank of Australia (RBA) head Philip Lowe's speech after the RBA's disappointing showing on rates last week.

AUD/JPY Levels to watch

With the pair continuing to move bullish from March's low at 75.75, while bulls will soon need to contend with the 200-day SMA, with further support from the last swing low at 77.60.