25 Feb 2015
AUD/JPY: Meeting supply but holding good form
FXStreet (Guatemala) - AUD/JPY is currently trading at 93.47 with a high of 93.58 and a low of 93.06.
AUD/JPY is currently trading with supply coming in at the mid point of the 93 handle post a decent run from 93.20 on a re-attempt at the upside, extending the overnight rally from 0.9240.
Most recently, HSBC's Manufacturing PMI's brought about some positiveness in the Chinese market that fuelled the AUD across the board. Readings came as a four-month high in February at 50.1 vs 49.5 and 49.7 last. On a whole, the Aussie has been better bid on the back of the greenbacks failings, as has the majority of the market, including the Yen. Yellen was the catalyst in this respect while the data dependent Fed's patience was emphasised again.
AUD/JPY is currently trading with supply coming in at the mid point of the 93 handle post a decent run from 93.20 on a re-attempt at the upside, extending the overnight rally from 0.9240.
Most recently, HSBC's Manufacturing PMI's brought about some positiveness in the Chinese market that fuelled the AUD across the board. Readings came as a four-month high in February at 50.1 vs 49.5 and 49.7 last. On a whole, the Aussie has been better bid on the back of the greenbacks failings, as has the majority of the market, including the Yen. Yellen was the catalyst in this respect while the data dependent Fed's patience was emphasised again.