5 Dec 2014
AUD/JPY rises toward 101.00
FXStreet (Córdoba) - AUD/JPY broke above 100.60 and rose toward 101.00. Recently printed a fresh daily high at 100.94, reaching the strongest level since Tuesday.
AUD/JPY supported by a weak yen
The Japanese currency is falling across the board ahead of the NFP and as USD/JPY soars above 120.00, AUD/USD is approaching yesterday’s lows that lie at 0.8354. The US nonfarm payrolls report could increase volatility in yen crosses.
Today’s rally of AUD/JPY is limited and so far offers no risk to the current sideways outlook in the short term, as it remains in a range below 101.00 and above 100.00, since November 26.
AUD/JPY supported by a weak yen
The Japanese currency is falling across the board ahead of the NFP and as USD/JPY soars above 120.00, AUD/USD is approaching yesterday’s lows that lie at 0.8354. The US nonfarm payrolls report could increase volatility in yen crosses.
Today’s rally of AUD/JPY is limited and so far offers no risk to the current sideways outlook in the short term, as it remains in a range below 101.00 and above 100.00, since November 26.