• AUD/USD +1.4% from Thur 0.71019 low after JP replaced jawboning with action

• Intervenes to prop up the flailing yen for the first time in almost 2-years

• RBA meeting outcome Tues, 25 bps hike likely, statement & forecasts pivotal

• U.S. initial jobless claims 189k (poll 215k), Q1 GDP +2.0% (poll 2.3%)

• U.S.-Iran deadlock continues, oil softens but remains highly elevated

• AUD challenge of major 0.7250-85 resistance zone increasingly likely

• Overnight range 0.7118-0.7203, support 0.6834, resistance 0.7250 0.7283
AUD Weekly 52-WMA

(James Connell is a Reuters market analyst. The views expressed are his own.)