One of the big 4 local banks has been selling the AUD/USD over the last hour,driving it from .7050 to .7025 and some Japanese accounts have been noted selling AUD/JPY, probably booking profits from the big move overnight.
Some decent sell orders in USD/JPY at 97.30/40 are encouraging dealers to pre-sell on rallies towards 97.10-20 but again we can expect bids towards 96.50 will ensure a quiet trading day.
