AUD/JPY extends decline as risk-off mood gains traction on US yield curve inversion

AUD/JPY is the big mover in the major currencies space again today
But this time it is on the receiving end of a beating as price is down by 1.2% and is threatening to break below key near-term levels. Of note, price is falling below the 100 and 200-hour moving averages (red and blue lines respectively).