AUD/JPY is slipping along with with most risk trades in the latter half of US trading but it’s still the top performer on the day (alongside EUR/JPY).
AUD/JPY was around these levels yesterday and then sucked out on jitters ahead of the Aussie jobs report.
This pair is in a dangerous spot right now. The jobs numbers were solid but the upside hasn’t been as good as you would hope. A close above yesterday’s high would be helpful. Meanwhile, the 100-day moving average has so far capped the rebound.
Bids at 80.30/40 with stops below 80.00. Offers around the 100-day and 81.00/10.
