The Australian dollar rallied against its Japanese counterpart in earlier trade Thursday, climbing to a session high of 84.22 after strong jobs numbers surprised markets and suppressed expectations of further interest rate cuts by the RBA.

AUD/JPY is now back under pressure, unable to sustain overnight gains after a surprising easing by the Bank of Japan earlier in the week, last at 83.80 after a recent dip to print a session low of 83.65.

According to an Analyst on the FXMarketAlerts team, markets are "cautious of buying after being caught long at 6-month highs of 84.55-65 yesterday," as a bearish Pinocchio bar formation was printed on the daily chart at a key level of resistance in the 84.25 area, suggesting scope for further weakness .

If AUD/JPY slides farther in the day ahead, support is noted at 83.13 (1 Nov high), while support lies at 84.14 intraday.