AUD/JPY extends recovery from 90.00, reaches 91.60

FXStreet (Córdoba) - The AUD/JPY recently reached at 91.60 the highest price in three days and remains with bullish momentum trading near daily highs following the release of the Australian Performance of Services Index that soared to 55.2 points in February and ahead of Australian GDP data.

AUD/JPY bounced strongly

After opening the week with a downside gap and under pressure the AUD/JPY bottomed on Monday at 90.04. Afterwards gains momentum and started to recover ground during yesterday’s Asian session and extended gains on European and American hours, climbing back above 91.00.

From Monday’s lows the AUD/JPY has risen 150 pips, making a strong reversal supported by risk appetite that surged as tensions in Ukraine eased.