• AUD/JPY is back above the 76.4% Fib retracement. • NAB business conditions hit a record high. • But, the measure of wage pressures eased back. The AUD/JPY pair found bids in Asia and moved above 86.60 (76.4% Fib R of 85.45-90.30) after the NAB reported the business conditions index at record highs. Currently, the cross is trading at the session high of 86.70, having clocked a 2-1/2 month low of 86.46 earlier today. The positive move comes after three consecutive days of decline. As of now, the market is not paying attention to the NAB measure of wage pressures, which eased back in October. However, it could become ... (full story)