FxWirePro: JPY bulls on rampage, AUD/JPY hit new 4-year low of 76.86

• JPY bulls completely in charge, AUD/JPY sinks to new  4-year low of 76.89.
   
• Breaks all support levels, holds support at 76.86 (low for the week ended May 21st 2012).
   
• Techs bearish alignment supports further downside, we see scope for 75.98 and then 75.40
   
• Markets now await BOJ Governor Kuroda’s press conference scheduled ahead of the European open.
   
• The pair has edged higher from  session lows at 76.86 to retake the 77 handle.
   
• Uncertainty heading into Brexit referendum to see increased JPY demand. 
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Recommendation: Use upticks for buying opportunities, SL: 78, TP: 76/75.40