AUD/JPY breaks below 92.00

FXStreet (Bali) - AUD/JPY has been sold-off in the first hour of Tokyo trading, sending the rate marginally below 92.00.

AUD longs taken yesterday post the RBA minutes are running to the exits as top hunters find reasons to get encouraged after topside failures at 0.9080 in AUD/USD and 93.00 in AUD JPY.

From an hourly perspective, it looks as though the pair aims to establish a range between 93.00 and 91.00, with current price standing right in the middle of it now, having found support at the bottom of the kumo cloud.