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The Japanese Yen is under early pressure

USD
  • The Greenback is once again on the front foot across most G10, although the Aussie outperforms somewhat, following comments that the RBA discussed rate hike.
  • Despite the Hawkish tilt, AUDUSD is just up 0.20% and still trade in a fairly tight 30 pips range so far today, although testing a new intraday high now, ahead of small initial resistance at 0.6642.
  • Early focus is again on the Yen, with the currency trading around its lows against the USD, EUR, GBP, and AUD.
  • Main upside level in AUDJPY is at 104.943, the April high and the highest level since 2013.
  • USDJPY targets 157.96, Yesterday's high, while a break through the figure, will open to 158.43, the late Friday spike seen on the 26th April, before the BoJ intervened the following Monday.
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