AUD/JPY: Solid buying interest below 92.00
Some of these big flows seemed to have reached an equilibrium point and supply/demand is starting to even out. The heavy AUD selling against the EUR is now being balanced by heavy buying of AUD against the USD and the JPY. This will mean that the heavy volatility of late last week will gradually start to reduce from here, so make the best of it while you can!
It’s a holiday here in Australia today so any movements from here will have to come from the Japanese market. I’ll check back in a little later for the European open.