Transition come in phases and the one in the AUD/JPY has come slow despite a weak Australian Dollar. The set ups that are coming into focus however are going to now benefit from the pierce of daily support but traders should still stay nimble as the roll over continues. The break of the 85.00 major psychological level has begun some near-term acceleration to the downside but the key is whether the pair will close below the horizontal level support at 84.50. This would also test the next psychological level in play, the “50” pip. The roll over on the AUD/JPY has further reaching implications on the risk environment as ... (full story)