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AUD/JPY: Firms On Thursday

AUD

AUD/JPY has firmed to the top of its range which has persisted since early July as risk sentiment improved on Thursday.

  • The pair rose ~0.9% and sits a touch under the ¥96 handle this morning.
  • With the uptrend remaining intact bulls immediate focus is on the high from 20 Sep (¥96.02), a break through here opens the high from 5 July (¥96.83) and YTD highs (¥97.68).
  • On the downside bears look to break the 20-Day EMA (¥95.08). This opens the low from 5 Sep at ¥93.59 and the 200-Day EMA (¥93.09).
  • Due to cross this morning is a slew of Japanese data including Tokyo CPI, Jobless Rate and Retail Sales.

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