AUD/JPY suffers biggest daily drop since 2010

The AUD/JPY cross remains the worst hit so far this session, having received double blow from rising demand for the yen and tumbling Australian dollar amid risk-off market environment, sparked by increased anxiety over a potential Trump win.

The risk barometer suffers the worst one-day fall since 2010 and dropped to fresh six-week lows of 76.80, before recovering ground to now trade back above 77 handle.

Donald Trump is just a whisker away from securing the US presidency, with 3 electoral votes needed for a confirmed win.

Technical Levels

Higher side: 81.93 (daily high), 82.66 (daily R2)

Lower side: 76.79 (6-week lows), 75.93 (Sept lows)