
AUDJPY was a victim of BoJ intervention, not directly but indirectly via unwinding of cross (i.e. carry trade) positions.
The rebound in USDJPY has seen a similar move in AUDJPY, which in turn has seen AUDUSD regain ,7000 but remains below resistance at ..7050.
Key AUDJPY resistance is 112.98, so similar to USDJPY, the move up is still in the realm of a retracement.
For momewntum to build, either USDJPY would need to extend its rebound through 158 and/or AUDUSD move through .7050
(AT 4 hour chart)
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