19 Dec 2014
AUD/JPY in familiar range and meeting offers still on 97.00
FXStreet (Guatemala) - AUD/JPY is trading at 97.19, up 0.13% on the day, having posted a daily high at 97.82 and low at 96.93.
AUD/JPY is fading away after a bid tone leading into and post the BoJ overnight. The pair needs at least 98.00 to back into line with a 100 target but the Yen will remain supported and play its roll of a safe haven in an environment of uncertainty when it comes to the global growth outlook and risk factors such as the EM’s and Russia scenario. USD/JPY will remain in the driving seat but there is an air of caution on the long side of the trade below 120.00 currently.
AUD/JPY noteworthy short-term levels
Spot is presently trading at 97.19, and next resistance can be seen at 97.26 (Daily 100 SMA), 97.32 (Hourly 20 EMA), 97.53 (Hourly 200 SMA), and 97.71 (Daily Classic R1). Next support to the downside can be found at 97.06 (Daily Open), 96.98 (Daily Classic PP), 96.61 (Hourly 100 SMA) and 96.51 (Weekly Classic S1).
AUD/JPY is fading away after a bid tone leading into and post the BoJ overnight. The pair needs at least 98.00 to back into line with a 100 target but the Yen will remain supported and play its roll of a safe haven in an environment of uncertainty when it comes to the global growth outlook and risk factors such as the EM’s and Russia scenario. USD/JPY will remain in the driving seat but there is an air of caution on the long side of the trade below 120.00 currently.
AUD/JPY noteworthy short-term levels
Spot is presently trading at 97.19, and next resistance can be seen at 97.26 (Daily 100 SMA), 97.32 (Hourly 20 EMA), 97.53 (Hourly 200 SMA), and 97.71 (Daily Classic R1). Next support to the downside can be found at 97.06 (Daily Open), 96.98 (Daily Classic PP), 96.61 (Hourly 100 SMA) and 96.51 (Weekly Classic S1).