Inflation data for Australia in Q1 was lower than expected and the AUD/USD fell.Topping?The AUD/JPY also looks bearish in the near-term especially if it falls below a consolidation support around 94.80. However, considering that AUD/JPY has been bullish since mid-January, we should consider buying on a dip. (audjpy 4h chart, 4/23)Consolidation support: The to the lower CPI data prevented AUD/JPY from attacking the 96.50 high and instead dragged down it to the 94.80 support pivot. We can see the pair consolidating throughout April, and a break below 94.80 can open up some further downside risk, but this bearish outlook should be limited to a rising channel support seen in the daily chart. (audjpy daily chart, 4/23)Bullish continuation:After the current bearish attempt, we should look for a bullish continuation attempt if the daily stochastic dips then comes up from below 20 and daily RSI turns up from 40.A bullish market should not push below 93.00, and should probably find support even higher, closer to 93.50, or the channel support mentioned before.