- Fear of Bank of Japan intervention saw the pair clock a high of 76.14 in early Asia as Yen edged lower from highs.
- However, post-Brexit risk aversion continued in Asia, Yen demand made a comeback, AUD/JPY rejected at highs by 76.14, slips below the 76 handle.
- Aussie weakness seen across the board following poor Chinese data and a major Yuan devaluation.
- PBOC set today's USD/CNY at 6.6375 vs 6.5776, USD/CNY hits its highest level since Jan 2011.
- A weaker Chinese industrial profits print released earlier on the day also weighed heavily on the sentiment surrounding the commodity currencies.
- AUD/JPY is currently trading around 75.30, finds major trednline support at 75 levels, break below could see weakness upto 72.45.
- Intraday bias is lower, momentum studies are bearish. Break below 75 will see downside upto 74 levels.
Recommendation: Good to go short rallies around 75.50/60, SL: 76.20, TP: 75/ 74.50/ 74


FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 



