I mentioned yesterday that i thought AUD/JPY should see 70.00 sooner rather than later and that it could be on its way to 75.00, during the last 24 hours it has certainly made me feel a little more comfortable. We have just traded at 69.47 and AUD/JPY, like all the JPY crosses, is looking strong and like it wants to keep going. The AUD/JPY is currently up 200 points in the past 24 hours, not a bad effort.
It is worth noting on the daily chart that the 200 DMA comes in just above the 75.00 level at the moment which i am betting on being the next real level of resistance.
