From a technical and trading perspective, the AUDJPY is currently correcting its sharp january decline as 74.40 continues to cap the upside it seems likely that a failure through 73.50 will open a quick move to test bids and stops below 73.00. Through 73.00 will set bearish sights on a test of an equality objective sited at 71.55. A move through 74.50 would likely delay downside objectives and open a move to test an upside equality objective towards 75.00 as highlighted in the chart.