AUD/USD: Shorts scramble to cover, more to come?

AUD/USD is presently using old 0.8750/60 resistance as new support at the Tokyo open, following an upside gap to 0.8775 during interbank trading.
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AUD/JPY testing 102 to the downside

AUD/JPY is trading at 101.98, up 0.18% on the day, having posted a daily high at 102.43 and low at 101.95.
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