7 Jan 2015
AUD/JPY facing resistance around 96.30
FXStreet (Córdoba) - AUD/JPY is rising modestly on Wednesday, posting the first gains after falling during the previous three trading days.
On Asian session the pair dropped to 95.61, reaching a 3-week low. Then reversed and recovered part or Tuesday’s losses. The upside was limited by the 96.30 area. A weak aussie kept the upside limited in the AUD/JPY that failed to beneficiated from the rally of USD/JPY.
After reaching a fresh daily high at 96.33, the aussie pulled back, and it had been steady during the last hours trading between 95.95 and 96.30, ahead of the FOMC minutes.
On Asian session the pair dropped to 95.61, reaching a 3-week low. Then reversed and recovered part or Tuesday’s losses. The upside was limited by the 96.30 area. A weak aussie kept the upside limited in the AUD/JPY that failed to beneficiated from the rally of USD/JPY.
After reaching a fresh daily high at 96.33, the aussie pulled back, and it had been steady during the last hours trading between 95.95 and 96.30, ahead of the FOMC minutes.