The sell off in the JPY crosses has of course also had an effect on AUD/JPY which in turn is threatening to turn the big bull Aussie trend around. There’s still a big roll to be earned by being long AUD/USD and of course it’s even more expensive to be short, so dips will still find lots of eager buyers. The big level to watch is .8950 I believe, with chat in the market that macro leveraged players will start exiting below that level. I’m looking to play a .8950/.9150 short term range with a bearish bias. Retail sales figures today might introduce some volatility but should not have any lasting impact on the interest rate outlook.