18 Dec 2014
AUD/JPY off the lows and bulls catch a breath
FXStreet (Guatemala) - AUD/JPY is trading at 96.50, up 0.13% on the day, having posted a daily high at 96.72 and low at 96.26.
AUD/JPY is back off the lows but remains in very negative territory still as we progress through towards the end of the year. The Yen was in supply post the FOMC events of the US session when markets returned to a risk on setting but at the same time it was the USD that was champion and the Aussie lost its own footing on the 0.82 handle and ended the day a cent lower which put the brakes on in the cross.
Nevertheless, the bulls can breath for the time being as the cross moves away from the 0.96 key supporting level and while the Yen is targeted to the upside. However, we are now moving into thinner markets and the dollar tends to come off as corporate repatriation flows begin to kick in at this time of the year and volatility could well continue to be the theme.
AUD/JPY is back off the lows but remains in very negative territory still as we progress through towards the end of the year. The Yen was in supply post the FOMC events of the US session when markets returned to a risk on setting but at the same time it was the USD that was champion and the Aussie lost its own footing on the 0.82 handle and ended the day a cent lower which put the brakes on in the cross.
Nevertheless, the bulls can breath for the time being as the cross moves away from the 0.96 key supporting level and while the Yen is targeted to the upside. However, we are now moving into thinner markets and the dollar tends to come off as corporate repatriation flows begin to kick in at this time of the year and volatility could well continue to be the theme.