AUD/JPY leads way lower in early trade

AUD/USD is down 40 pips from the NY close, currently trading around .8960 and USD/JPY is also lower trading at 89.60 in early interbank trade. This move smells like it is the start of something big and I sense that USD/JPY is the pair to watch over the coming months, especially if we can test and break below 87.00.

Good luck today.