AUDJPY Retest of 112.00 by EOW?
Considering the current strength in risk-on sentiment and the prevailing yen weakness, a retest of the 112.00 psychological level for $AUDJPY by end of week seems plausible. We're sitting at 111.576 now, and the intraday range today hasn't shown significant rejection of upside. If we see a continued push through 111.80, the path to 112.00 becomes clearer. I'd put the probability of hitting 112.00 at around 65% based on momentum and current market structure. The main caveat would be any sudden shift in broader market sentiment or a hawkish surprise from the RBA, though neither appears immediately likely.