Japan Bank lending (YoY) improves to 1.7% in Apr from 1.6%

The AUD/JPY finished the session up 87 pips at 101.55. At one point the pair traded as high as 101.55, but was unable to main a firm bid at these levels and drifted lower later in the NY session. In what has been a busy week of economic data released out of Asia, we will see one more major report with the RBA Monetary Policy Rate due out at 1:30GMT. The pair is currently trading slightly higher in Asia trade, up five pips at 101.55