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AUD/JPY: Risk Off Flows Weigh In NY, Natl CPI On Tap

AUD

AUD/JPY was pressured in yesterday's NY session, risk off flows weighed as US Equities fell, before finding support at post Australian Employment Report lows.

  • The pair is stable in early dealing on Friday, last printing at ¥93.25/30.
  • On the downside bears look to break the low from 8 Aug (¥92.90) which opens the 200-Day EMA (¥92.54) and the post BOJ low from July (¥91.80).
  • Bulls first target a break of the 20-Day EMA (¥94.08), a break through here opens the high from 10 Aug (¥94.94) and the high from 26 July (¥95.90).
  • National CPI from Japan is on tap this morning, headline CPI is expected to rise 3.3% Y/Y and Core CPI is expected to rise 3.1% Y/Y.

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