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AUD/JPY: Trimming June Gains

AUD

AUD/JPY is trimming early month gains down ~2% from the high on June 19th. Souring risk sentiment weighed on the pair on Friday, AUD/JPY fell ~0.7%.

  • The pair sits under the ¥96 handle, last printing ¥95.80/90.
  • Bear now target the 20-Day EMA (¥94.79), a break through here opens the 38.2% retracement of the Mar-June bull leg ¥93.24.
  • Bulls target the high from 19 June at ¥97.67.

Fig 1: AUD/JPY Daily Spot, EMAs

Source: MNI/Bloomberg

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