A soggy session for AUD pairs 17 Nov
There's some notable AUDJPY expiries at 85.50 today that are playing out and helping to push the pair lower and AUDUSD too with cross plays ultimately ending up in core pairs. AUDJPY now down through August lows to test 85.00
I said in my AUDUSD orders post that if we broke 0.7570 then 0.7550 was on the cards and hey presto here we are. The pair has far less liquidity/price making support at interbank level and therefore will take the brunt of AUDJPY supply. Conversely the reverse is true ofc had it been a buy order.
General yen demand prevailing and helping to cap GBPUSD, EURUSD too among others now at 1.3230 and 1.1785.
None of this is rocket science and traders are advised, , as always by me, not to over-analyse
