The Australian dollar fell to three-week lows against the Japanese yen overnight Wednesday, as AUD/JPY managed to push below support at 82.55 (21-day EMA) to extend as low as 82.18 before closing the North American session down 0.6% at 82.46. On Tuesday, the false break of 83.50 resistance produced a bearish Hikakke pattern print on the Daily chart, a technical price action pattern that can signal when price may be set for a correction; it also formed in the 61.8% Fibonacci retracement zone of the 88.64/74.48 downswing. In the session ahead, China manufacturing PMI data will be key risk event for AUD given China and ... (full story)