Asia is in risk-on mode, but fall in the AUD/JPY in Asia doesn't reflect it

AXJ index is +1.56% while Lon Copper is +1.15% and Dalian iron ore is +3.7%

Despite the gains the AUD/JPY is down 0.75% and AUD/USD is below 0.6920

The move lower in AUD/JPY is flow driven with Tokyo buying JPY for the fix

AUD/USD buyers tipped ahead of 0.6900 with low so far at 0.6906

Resistance is at the 10-day MA at 0.6946 and earlier high at 0.6957

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