Back up in the mid 1.0550’s this morning initially on the back of buying pre-BOJ of AUD/JPY, but holding up well through the USD/JPY sell off after the announcement having tripped buy stops earlier through 1.0530.
Offers now lie above from 1.0560 and are layered up to the well documented 1.0600 barrier. There are buy stops above there ahead of tech res at 1.0625 (Sept 14 high) and more touted up through 1.0630. Bids now lie from 1.0520 down to 1.0500 with likely sell stops building through 1.0490. Tech support below at 1.0475 (daily cloud top) and 55 day MA at 1.0462.
AUD/JPY has offers at 94.90/00, Bids 93.70/80 with possible sell stops below through 93.60 ( tenkan line 93.63)
