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Pressured On Thursday, BoJ On Tap

AUD

AUD/JPY was pressured on Thursday falling ~1%, its biggest fall since early August, as weaker equities and commodities weighed on the Aussie.

  • In early dealing on Friday we sit a touch above the 20-Day EMA (¥94.66).
  • On the downside, bears now target the low from 5 Sep at ¥93.59. A break through here opens the 200-Day EMA (¥92.94) and the low from 28 July (¥91.80).
  • Despite yesterday's fall the uptrend remains intact. Bulls target the high from 20 Sep (¥96.02), a break through here opens the high from 5 July (¥96.83) and YTD highs (¥97.68).
  • The latest monetary policy decision from the BOJ is on tap today, no change to policy is expected. Also due is Australian and Japanese flash PMIs for September and National CPI for August from Japan.

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