• AUD/USD +1.2% from Thur 0.69465 low with heavy USD/JPY selling dominant

• Suspected intervention saw JPY -2.4% Thur, driving DXY down 0.8% to 100.0

• AU Q2 PPI due 0130 GMT Fri, alongside Jun private sector & housing credit

• U.S. Jun core PCE +0.1% m/m, +3.3% y/y (poll 0.2% & +3.3% respectively)

• AUD near upper hourly Bollinger band, may limit extension of overnight move

• Range overnight 0.69505-0.7033 support 0.6920 0.6866, resistance 0.70885
AUD Hourly Bollinger Study & DXY Daily 55-DMA


JPY Daily 55-DMA

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