AUD/JPY looking to 83.00 but downside pressure is locking it in

• The Aussie is maintaining its bullish stance, but momentum is evaporating as markets mull over Syria actions.
• Chinese trade data could impact the Aussie today if the numbers swing wide enough.

The AUD/JPY is trading near 83.20 after traders toned down their demand for the safe haven Yen this week as Syria tensions are easing.

Markets found some confidence in Thursday's action from a two-hit by US President Trump, who made it known that missile strikes on Syria may not be as 'imminent' as he had stated previously. The follow-up hit that boosted some market confidence was the revelation that Trump is looking into getting the US back into the TPP, the same TPP that Trump made pulling out of a major platform for his election.

The Aussie is looking down the barrel of Chinese Trade Balance figures at 02:00 GMT today, but the Yen side is quiet and numbers are unlikely to drive much action with markets focused on Middle East concerns heading into earnings season.

AUD/JPY Levels to watch

The pair's climb on Thursday ate up the decline from Wednesday, and the pair is balancing on the topside of the week's early bullish move, and a continuation will need to climb resistance at 83.40 and the 84.00 handle, while a bearish correction will be faced with support from the 34-EMA at 82.80 and the last swing low at the 82.00 major handle.