AUDJPY - Likely to Consolidate Heading into BOJ

Looking at the daily timeframe, price-action is likely to remain more in consolidation until the next major risk event which is this Thursday's Japanese CPI followed by a BOJ interest rate decision.

My recommendation is to be cautious about trading Yen pairs as we head into Thursday. But for now, we can approach this pair by trading the highs and lows on the smaller timeframes.