It’s hard to get too carried away by any movements in the markets based on recent experiences but the AUD/JPY set-up is looking decidedly bearish. There is a potential double-top forming just above a 50% retracement level and short-term bearish momentum will pick up with the break below daily lows at 95.25 as well as the 50-dma.
Shorts favoured for now on virtually every time-frame with further stagnation being the obvious enemy.