FXWW News/JPY crosses

AUD/JPY trading higher in early trade post G-20

USD/JPY is trading above 116.50 in early interbank trade and the AUD/USD is holding steady near .8760 in thin early interbank conditions. The free trade agreement between China and Australia is seen as significantly ‘risk positive’ so it’s little wonder to see the AUD/JPY trading higher.

The next major topside technical milestone for the cross is around 105 and the next topside target for USD/JPY is significant optionality around 117.50.

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