16 Feb 2015
AUD/JPY: Bulls steady in the trenches
FXStreet (Guatemala) - AUD/JPY is currently trading at 92.33 with a high of 92.37 and a low of 92.03.
AUD/JPY has opened in Tokyo holding its own despite Japans upside in the GDP numbers pulling the economy out of the contraction zone, with GDP Annualized coming in at 2.2% vs -2.3% previous.
However, the main event ahead of the FOMC minutes come with Australia's own RBA's minutes tomorrow. That said, this time around may not come with the same weight as previous given Friday’s Statement of Monetary Policy that was read out from RBA Governor Stevens followed by over two hours of QnA which didn't make many shakes. 92.40 comes as initial minor resistance ahead of the psychological 93.07. To the downside, 91.26 is the 12th Feb low.
AUD/JPY has opened in Tokyo holding its own despite Japans upside in the GDP numbers pulling the economy out of the contraction zone, with GDP Annualized coming in at 2.2% vs -2.3% previous.
However, the main event ahead of the FOMC minutes come with Australia's own RBA's minutes tomorrow. That said, this time around may not come with the same weight as previous given Friday’s Statement of Monetary Policy that was read out from RBA Governor Stevens followed by over two hours of QnA which didn't make many shakes. 92.40 comes as initial minor resistance ahead of the psychological 93.07. To the downside, 91.26 is the 12th Feb low.