24 Jan 2014
AUD/JPY catching a small bounce ahead of key support
FXstreet.com (Guatemala) - AUD/JPY is finding demand on 90.20 with a small bounce into the 90.50’s.
AUD has been in the limelight over the past session since the price action became heavy post a soft China PMI reading yesterday, weighing on the cross today. There is nothing on the cards today from the calendar and we are in wait and see mode while the Yen is currently taking the lead ahead of impetus fro the BoJ minutes and subsequent positioning in the USD/JPY.
AUD/JPY Levels
89.95 is seen as key support on the southerly move below 90.00 the figure with there being chatter of an option barrier there about. The double bottom now acts as resistance on the way up at 91.05.
AUD has been in the limelight over the past session since the price action became heavy post a soft China PMI reading yesterday, weighing on the cross today. There is nothing on the cards today from the calendar and we are in wait and see mode while the Yen is currently taking the lead ahead of impetus fro the BoJ minutes and subsequent positioning in the USD/JPY.
AUD/JPY Levels
89.95 is seen as key support on the southerly move below 90.00 the figure with there being chatter of an option barrier there about. The double bottom now acts as resistance on the way up at 91.05.