Trying to make the run above the 123.00 level before the 4 PM fixing
The USDJPY is pushing higher as the market jockey's for position ahead of the 4 PM London fixing. The pair has made new highs, trades above 123.00 and looks toward the next target the 123.38
Meanwhile, the AUDUSD is trading at new lows and the lowest level since October 2nd. The pair tests an area that was a floor and then a ceiling (see 4-hour chart below).
