Japanese Yen popped above 96 after the USD FOMC boost. Crosses were well supported during the day although weak stocks saw them finish roughly flat. Stock market losses are hurting the uptrend seen in the AUD/JPY which risks further pullback as investor optimism wanes. Looking ahead, June Nationwide Core CPI forecast at -1.2% y/y. Chart is expected to have a small bullish correction for the day . With the trading range between 95.60- 96.80 levels. Stochastic and Relative strength index are seen trending up .Currency is trading above the moving averages and momentum is also supporting the bull note. Good resistance at 97.10 levels and support is seen at 95.40 levels.
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