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AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 
- The Turkish Lira plunged to a new 9-1/2 month low hit earlier in the session.
- On Tuesday, the Turkish currency rallied to a near 1-week peak but closed 0.4 percent lower at 6.1408.
- USD/TRY is trading 0.3 percent up at 6.1588, having hit a high of 6.1632 earlier, its highest since May 10.
- Momentum indicators are bullish - RSI strong at 84, MACD supports upside and Stochs are at overbought levels.
- Immediate resistance is located at 6.1648, any close above could take it above 6.1729.
- On the downside, support is seen at 6.1160, and break below could take it near 6.1036 (5-DMA).
Recommendation: Good to buy on dips around 6.1414, with stop loss of 6.1309 and target price of 6.1648.
