-YEN: STAT Report Dents Risk

AUD/JPY plunged after STAT published a story re: J&J vaccine test pause, which undermined sentiment. The popular risk barometer has shed 41 pips thus far and last deals at Y75.52. A further slide through Oct 2 low of Y74.93 would encourage bears to take aim at the 23.6% retracement of the Ytd range/Sep 24 low at Y74.08/73.98. Conversely, a move through Oct 9 high of Y76.52 would shift bullish focus to Y77.74, which represents the high of Sep 10.

• Worrying press reports surrounding Sino-Aussie relations, released over the last few days may have helped render AUD vulnerable. The Aussie sits at the bottom of the G10 pile as we type.
• Nothing left on the Australian or Japanese docket today, which turns focus to headline and market flows.