AUD/JPY is +0.3% in early trade and bottom-pickers will be hoping that previous resistance levels at 89.00/30 can be surmounted and put a base in place above the 86.25 Fibo.
I’m staying fairly neutral on this cross in the short-term, but longer-term I think we are trading at quite ‘cheap’ levels.
Sorry for sounding like a broken record, but I think this AUD short-covering story could become a big one in the next week or so.