AUD/JPYrecovering into 82.50 after closing bearish gap

• Early-market action is seeing markets recover from a bearish opening.
• Monday data and trade volumes will both be limited.

The AUD/JPY is trading into 82.50 in early Monday action as broader markets regain their bullish posture despite a bearish gap opening the week's candlesticks.

Economic data has been thin for the early Asian market session, although Domestic Corporate Goods Prices for Japan came in largely as-expected, and Monday can expect to carry on with thin volumes amidst an anemic data calendar and a US Thanksgiving long weekend keeping the later day's volumes constrained, and traders will be awaiting the mid-week's higher-impact economic readings.

Trade war concerns continue to be a major narrative for the Pacific-Asia session, and a recent thawing between the US and China could spiral out into a fresh round of broad-market risk aversion if trade war rhetoric returns to the fold.

AUD/JPY Technical Levels