19 Sep 2013
AUD/JPY above 93 despite Yen strength
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 93.21 off recent 1-week highs at 93.39 posted on the back of massive Aussie strength after FED Bernanke did not delivered the long awaited “tapering” program, sending AUD/USD to fresh 2-month highs.
AUD/JPY likely to test 96 in coming weeks
“First look at how other central banks judged the Fed (in)actions, with BoJ member Kiuchi speaking at 11:30 and Kuroda at 18:35,” (Australian local time) said IG Chief Market Strategist Chris Weston in his Twitter account. According to IFRMarkets analyst Richard Sexton: “50% fib at 95.91 is likely to be tested in coming weeks.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session and fresh 1-week high 93.40, followed by Sept 10 highs at 93.60, and June 10 highs at 93.80. To the downside, closest support lies at Tuesday's highs 92.99, followed by Monday's highs at 92.94, and yesterday's late Asian session highs at 92.90.
AUD/JPY likely to test 96 in coming weeks
“First look at how other central banks judged the Fed (in)actions, with BoJ member Kiuchi speaking at 11:30 and Kuroda at 18:35,” (Australian local time) said IG Chief Market Strategist Chris Weston in his Twitter account. According to IFRMarkets analyst Richard Sexton: “50% fib at 95.91 is likely to be tested in coming weeks.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session and fresh 1-week high 93.40, followed by Sept 10 highs at 93.60, and June 10 highs at 93.80. To the downside, closest support lies at Tuesday's highs 92.99, followed by Monday's highs at 92.94, and yesterday's late Asian session highs at 92.90.