JPY crosses

AUD/JPY: Back above the Fibo after breaking 20 pips below

  • As always with these big levels, I find it safer to give them a little bit of error just in case of very tight stops. The market traded 20 pips below 95.50 but is now back above there so I do not consider the level broken just yet.
  • Large expiries are noted in USD/JPY later today at 100.00 so I would expect the spot price to not deviate too far from there before 10am NY time.

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