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-YEN: Trading Through Yesterday's Highs

AUSSIE

AUD/JPY has extended yesterday's gains and trades Y74.73, 12 pips better off. Little in the way of local headlines crossing thus far, with firmer e-minis likely lending some support to the pair.

  • For the last three days, the rate has been stuck between its 100-DMA and the Y74.00 figure, located just above the 23.6% retracement of the YtD range (Y74.08). A break above the 100-DMA at Y74.83 would draw attention to Aug 24 low of Y75.45, followed by the 50-DMA at Y76.23. On the flip side, a clean break below the Y74.00 mark would open up the 200-DMA/Jun 22 low at Y72.87/74.
  • Japan has just published Tokyo CPI figures for September, which came in marginally above expectations. Focus moves to the summary of opinions from the BoJ's most recent MonPol meeting, due within ~20 minutes.
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