It looks now as if there were short-term stop-loss orders below 85.60 in the AUD/JPY which were the markets main target, and now that they’ve been done the AUD is starting to bounce again. AUD/USD bulls will be hoping that a double-bottom can form on the hourly charts at 1.0335, which is where I have the trendline support coming in.
USD/JPY has stalled near those reported bids at 82.60 but there has been no bounce thus far.
