20 Jan 2015
AUD/JPY uninspired by upbeat China GDP numbers
FXStreet (Mumbai) - The Australian dollar edged lower versus the Japanese yen in the Asian morning, ignoring cheerful Chinese economic releases.
Currently, the AUD/JPY pair traded at 96.45, down -0.10% on the day, having previously posted day’s low at 96.36 levels. The cross in AUD/JPY edged lower as the traders were uninspired by upbeat China’s GDP data expanded 7.3% q/q which beat market forecasts of 7.2% growth. Markets seemed to have ignored this data as there rumours doing rounds that the numbers were leaked pre-release.
AUD/USD lost -0.58% on the day and trades at 0.8164 levels. While, the USD/JPY pair traded at 118.15 levels up 0.50% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97.16 (Today’s high) levels and above which it could extend gains to at 97.64 (Jan 12 High) levels. To the downside immediate support might be located at 96 levels below that at 95.76 (Jan 13 Low) levels.
Currently, the AUD/JPY pair traded at 96.45, down -0.10% on the day, having previously posted day’s low at 96.36 levels. The cross in AUD/JPY edged lower as the traders were uninspired by upbeat China’s GDP data expanded 7.3% q/q which beat market forecasts of 7.2% growth. Markets seemed to have ignored this data as there rumours doing rounds that the numbers were leaked pre-release.
AUD/USD lost -0.58% on the day and trades at 0.8164 levels. While, the USD/JPY pair traded at 118.15 levels up 0.50% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97.16 (Today’s high) levels and above which it could extend gains to at 97.64 (Jan 12 High) levels. To the downside immediate support might be located at 96 levels below that at 95.76 (Jan 13 Low) levels.