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AUD/JPY: Firms Above ¥96 Handle

AUD

AUD/JPY was supported yesterday rising ~1.1% breaching the ¥96 handle after the BoJ's dovish YCC tweak, this was the cross's strongest performance since late July.

  • In early trade on Wednesday we sit at ¥96.00/05.
  • The uptrend remains firmly in place bulls look to sustain the break of ¥96 to target high from 30 Sep (¥96.92) and ¥98.13 a Fibonacci projection.
  • On the downside the 20-Day EMA (¥95.15) is the first target for bears, a break of the measure opens ¥94 handle and the 200-Day EMA (¥93.48).

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