JPY pairs broke out of range as most pairs went short, particular the AUD/JPY and NZD/JPY. Bears are in control as the yen gains strength against major currencies. At the current price action, AUD/JPY will target the next support zones at 93.396- 93.100, and 92.509 - 92.215.
Looking back, the start of 2013 shows that these zones can prove to be a turning point.
For Intraday traders, Short JPYs as resistance levels .
Sardar Uddin
TradeCuts
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