• NAB business confidence index falls 9 points to 14
  • NAB business conditions index rises by 9 points to -2

AUD/JPY is trying to gain a foothold back below 88.00. The low so far has been 87.94 but the pair certainly isn’t collapsing which suggests that trailing stops are probably placed a bit lower. If it was me, I’d have my stops below 87.60.