2 Jul 2013
AUD/JPY held at 92.00 barrier ahead of RBA
FXstreet.com (New York) - The AUD/JPY technical cross is entrenched at the 92.00 level Tuesday morning during Asian trading, cautiously trading ahead of the RBA decision.
Earlier today in Japan, the Monetary Base (YoY) was reported at 36.0% in June, missing expectations of 41.2%, and compared with a figure of 31.6% previously.
AUD/JPY testing 92.00 level
At the time of writing, the AUD/JPY is incurring a modest loss of -0.09% during Asian trading. Briefing the technical levels, the Mataf.net analysts posit the next supportive structures at the 90.28 handle, down to 89.76, and ultimately 89.06.
AUD/JPY RBA looks to stay consistent
“This afternoon’s RBA meeting promises to be today’s main event for the NZD. An unchanged 2.75% cash rate looks like a done deal. All the interest will be on the strength of the RBA’s easing bias, in the context of the AUD’s sharp decline.” suggests the BNZ Research Team.
Earlier today in Japan, the Monetary Base (YoY) was reported at 36.0% in June, missing expectations of 41.2%, and compared with a figure of 31.6% previously.
AUD/JPY testing 92.00 level
At the time of writing, the AUD/JPY is incurring a modest loss of -0.09% during Asian trading. Briefing the technical levels, the Mataf.net analysts posit the next supportive structures at the 90.28 handle, down to 89.76, and ultimately 89.06.
AUD/JPY RBA looks to stay consistent
“This afternoon’s RBA meeting promises to be today’s main event for the NZD. An unchanged 2.75% cash rate looks like a done deal. All the interest will be on the strength of the RBA’s easing bias, in the context of the AUD’s sharp decline.” suggests the BNZ Research Team.