AUD/JPY is knocking on a key technical resistance zone ahead of Australia’s monthly CPI release! In case you missed our latest Broad Market Recap, you should know that traders are riding a risk-friendly wave while traders price in potential interest rate cuts by major central banks like the Fed and the ECB. AUD/JPY, in particular, is getting an extra boost from Bank of Japan (BOJ) officials telling us of their plans to “proceed cautiously” with their inflation-targeting frameworks that may lead to tightening.