AUD/JPY comes screaming back
By Sean Lee || January 31, 2010 at 22:17 GMT
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The 200-day MA proved a bridge too far for the AUD/JPY bears and the cross has jumped from 79.15 to 79.70 in a little over 30 minutes. The retail market was not convinced by the move lower in the interbank market, and with interest rates set to rise in Australia again tomorrow, they saw these levels as excellent buying opportunities.

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AUD MI Inflation Gauge (MoM) came in at 0.80%, Previous : 0.30%