• AUD/USD opens 0.3% lower despite drop in U.S. yields as JPY strength weighs
• U.S. yields decline as Fed's Waller says 3 or 4 rate cuts possible this year
• AUD rally to 1-week 0.6248 high Thu quickly fades as AUD/JPY sales weigh
• AUD/JPY down 1.1% as JPY gains broadly on talk of BOJ rate hike next week
• Focus turns to China data Fri; Q4 GDP and Dec monthly activity data due
• Trump's Presidential inauguration Monday also key event
• Chances of RBA Feb rate cut at 71%, likely to cap AUD recovery attempts
• Buoyant commodity prices support; copper rallies to 5-week high
• Resistance 0.6230, 0.6250-60, support 0.6190-95, 0.6175
• Thursday range 0.6192-0.6248
The Fed at the Presidential handoff:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)