Recently released data has shown that Japanese retail accounts were piling back into AUD/JPY and that long positions were at a one year high. The fall from 78.20 to 75.20 over the last 24 hours is an indication that some of these longs are being squeezed. This 75.20 level is also a low from last week and a clean break below should trigger more stop-loss selling. The next technical support below is at 73.90/00.