1 Dec 2014
AUD/JPY supported back to the bearish opening gap
FXStreet (Guatemala) - AUD/JPY is trading at 100.71, down -0.27% on the day, having posted a daily high at 100.84 and low at 100.10.
AUD/JPY has reached the bottom of the bearish gap in the charts that was displayed don the European open when returning to work this week in a new month that is likely to be volatile for the cross.
Firstly, commodity currencies have made a come back with Gold rallying and making impressive scores on the charts, eradicating last weeks close of business losses and Asia’s supply post the Swiss referendum. We will have the RBA up first tonight with the statement, the US jobs report this week and also FOMC this month as well as the Japanese snap elections as the showdown in the middle of the month.
Then, seasonally there will be repatriation of corporate funds that might boost the Aussie as it has done so in previous years while and Abe victory in parliament would be supportive of USD/JPY. There is a great deal to play for at the end of this although familiar ranges are wide between 98.80 and 103.00.
AUD/JPY has reached the bottom of the bearish gap in the charts that was displayed don the European open when returning to work this week in a new month that is likely to be volatile for the cross.
Firstly, commodity currencies have made a come back with Gold rallying and making impressive scores on the charts, eradicating last weeks close of business losses and Asia’s supply post the Swiss referendum. We will have the RBA up first tonight with the statement, the US jobs report this week and also FOMC this month as well as the Japanese snap elections as the showdown in the middle of the month.
Then, seasonally there will be repatriation of corporate funds that might boost the Aussie as it has done so in previous years while and Abe victory in parliament would be supportive of USD/JPY. There is a great deal to play for at the end of this although familiar ranges are wide between 98.80 and 103.00.