• AUD/USD eased on Monday as the Australian dollar lost momentum as concerns over further Japanese yen intervention eased. • Japan and the United States officially confirmed last week's coordinated currency action and pledging to continue efforts to address excessive yen volatility. •China's weaker manufacturing data also weighed on the Australian dollar. •Markets now await Australia's June and second-quarter household spending data, which are expected to provide further clues on consumer strength and the outlook for domestic demand. • Immediate resistance is located at 0.7069 (Higher BB), any close above will push the pair towards 0.7072 (38.2%fib).