AUD/JPY Price Forecast: Bullish outlook remains intact near 103.00 despite weak China data

The AUD/JPY pair has seen a decline to around 103.15, yet the bullish outlook remains intact as it hovers near the key level of 103.00. The recent slowdown in China's economy has led to weaker retail sales and industrial output growth figures for November, putting pressure on the Australian dollar against the Japanese yen. Despite this negative data, the 103.00 level is viewed as a significant support zone, and a rebound from this point could signal a continuation of the bullish trend. Traders are advised to monitor upcoming economic indicators closely, especially pertaining to any signs of recovery in the Chinese economy, while cautiously establishing positions around this critical level.