💴🔻Short AUD/JPY On Softer Global Outlook: CIBC

• Recommend short AUD/JPY with a target at 87.10, stop loss at 90.30

• Softer global outlook seen feeding into risk aversion

• Expect the market to continue pushing back against the BOJ stance. At the same time as portfolio repatriation by Japanese investors supports JPY gains

- CIBC Macro Strategy