AUD,NZD/Flows and Orders/FXWW News/JPY crosses

AUD/JPY: Based on retail market positioning, it will struggle to break 93.00

  • USD/JPY market caught with stale longs (see data); 
  • Similarly the AUD/USD market might also struggle to move much higher (see data).

Obviously this is just one small cross section from one retail broker but if this data is an indication of market wide positioning then both AUD/USD and USD/JPY will struggle to break much higher.

 

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