AUDJPY TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards 98.65 levels non stop .Important support 93.22 to 94.91 level as shown in graph.Stop loss is 93 and it can fly upside towards minimum target 98.65 levels.Presently it is running near to support so buying is better with stop loss 93 expecting upside rally above 98.65 levels.
QUICK FUNDAMENTAL LOOK
JPY strengthens against other G-10 and Asian currencies in the morning session on prospects of more verbal intervention by Japanese authorities after Finance Minister Shunichi Suzuki's comments on Tuesday that the current movement of the yen-dollar exchange rate is "one-sided and rapid."
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.