AUD/JPY selling out of Tokyo and moderate Australian corporate flows in AUD/USD are getting the blame for the Aussie edging lower. It certainly did look a bit overdone overnight, so it’s natural for the market to readjust once things get quiet. Even short-term technical support levels are hard to find after such a strong rally and the pair could easily fall back towards 1.0590 (38.2% 1.0320/1.0750) without interfering with the uptrend.