16 Jan 2014
AUD/JPY rebounds at 92.70, back above 93.00 ahead of Australian data
FXstreet.com (Córdoba) - The AUD/JPY fell sharply on Wednesday, bottoming at 92.70 and since the second half of the European session bounced to the upside and rose back above 93.00 on the back of a weak Yen.
In two hours, the employment report of Australia for the month of December will be released. The numbers is likely to increase volatility in Aussie's crosses.
AUD/JPY remains sideways, bearish bias
The bounce from 92.70 pushed the AUD/JPY back above 93.00, avoiding a daily close that would have suggest weakens ahead. Since the beginning of the year, all daily closes have been between 93.10 and 93.80. The outlook remains sideways with a slightly bearish bias since it has been making lower highs.
In two hours, the employment report of Australia for the month of December will be released. The numbers is likely to increase volatility in Aussie's crosses.
AUD/JPY remains sideways, bearish bias
The bounce from 92.70 pushed the AUD/JPY back above 93.00, avoiding a daily close that would have suggest weakens ahead. Since the beginning of the year, all daily closes have been between 93.10 and 93.80. The outlook remains sideways with a slightly bearish bias since it has been making lower highs.