No surprises in the BoJ August meeting minutes, with most of the focus on government promoting fiscal reform while continuing emphasis on the need for fiscal credibility. The Usd/Jpy remained at the 99.70 level during the release. Australian Business confidence for August came in at -6 from a previous -7, helping the Aud/Usd hit a session high of 0.9262.
Trade Idea AUDUSD
The pair has resumed its upward trend after breaking through its 0.9235-0.9245 resistance level. It looks like the pair is aiming to reach the previous peak which is at the 0.9300-0.9320 level.
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