The pair is now back to 94.01 from 93.76 lows but that sharp move lower will have hurt many caught on the wrong side as stop-loss selling prevailed.
We can expect sellers into the rallies on yen pairs to fill some of the gaps but after the shake-out there this is also a case to buy this dip on the yen pairs and the components.
AUDUSD currently 96.52 from 96.36 lows. USDJPY 97.38 from 97.26
NZDUSD 0.8414 from 0.8389.
