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AUD/JPY rises to session high as equities sentiment bounces


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The stirring rally in Chinese equities is helping lift the mood in Europe, US futures


Price is now closing in on the high posted earlier in the month @ 83.05 after bouncing off the broken resistance trendline seen from July earlier in the week. The aussie was already buoyant after the solid jobs report earlier in the day but the improved risk in equities is helping to give an added jolt to the pair with the yen also dragged lower as a result.

E-minis are also trading at session highs now, up by 0.6%. With all the attention being on Brexit and the pound, the aussie is quietly outperforming the rest of the major bloc today. If AUD/USD takes out the September high @ 0.7315, expect aussie pairs to fly alongside it.

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