With a long weekend looming, I guess it’s no surprise to see AUD/JPY lead the risk-off charge. We are back below 98.00 and the big bear prize will be previous highs at 97.25/50. A weekly close below there would change the nature of the game for this pair.
AUD/USD is trading near short-term support at 1.0420 and a clean break below here targets 1.0360. USD/JPY has stalled near 94.00 but is still targeting 93.50 I believe.
