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AUD/JPY: Back Above ¥90, RBA In View

AUD

AUD/JPY has firmed above ¥90, the cross rallied as the yen was the weakest performer in the G-10 space at the margins after the latest BOJ Monetary Policy Decision.

  • The cross is sitting at ¥90.20/30, on Friday we broke above the 20-Day EMA (¥89.44).
  • Bulls now look to break the 200-Day EMA (¥90.80) from here they can target year to date highs at ¥93.04
  • Bears look to break the 20-Day EMA and then ¥88 handle
  • The RBA's monetary policy decision is the next risk event. The bank is expected to leave the cash rate on hold at 3.60% tomorrow

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