• AUD/JPY as low as 93.74 yesterday, lowest since 93.84 on Sept 16 '24
• Asia so far today 93.78-94.07, trading on heavy side, bias still down
• Further slide to 93.57 low on Sept 11 '24 targeted by bears
• Break here and 93.38 on Aug 6 '24 projects test to 90.11 spike low Aug 5
• Hourly chart shows resistance from area of 94.09 Ichimoku tenkan
• Kijun above at 94.22, hourly Ichimoku cloud 94.52-72, 55-HMA 94.58
• Some AUD/JPY option expiries today at 93.50 but not large
• Concerns over the impact of Trump trade policies, risk-off mood drivers
• RBA in pause mode but to cut rates eventually ,
• Related comment , also , for more click on [FXBUZ]
AUD/JPY daily:
AUD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)