1 May 2015
AUD/JPY: Consolidated on 94 handle in US dollar strength
FXStreet (Guatemala) - AUD/JPY is currently trading at 94.41 with a high of 94.55 and a low of 94.32.
AUD/JPY is ticking up on the back of Yen weakness as the greenback has a pop at the upside through the mid point of the handle in a last attempt in Asia for the last trading day of the week. Data is light from here on with everything out of the way except for some second tier numbers for both Australia and Japan. We have already seen the Japanese unemployment and CPI's that had little impact on the market and come in benign while the Chinese Manufacturing PMI's were pretty much in line and also not making much impact.
AUD/JPY has been technically better bid tis week post the drop to test the 94 handle yesterday when supply crushed the bulls attempts from 93.60/70 on the rally. Support comes in at 93.70 while 94.80 comes as resistance ahead of 96 the figure.
AUD/JPY is ticking up on the back of Yen weakness as the greenback has a pop at the upside through the mid point of the handle in a last attempt in Asia for the last trading day of the week. Data is light from here on with everything out of the way except for some second tier numbers for both Australia and Japan. We have already seen the Japanese unemployment and CPI's that had little impact on the market and come in benign while the Chinese Manufacturing PMI's were pretty much in line and also not making much impact.
AUD/JPY has been technically better bid tis week post the drop to test the 94 handle yesterday when supply crushed the bulls attempts from 93.60/70 on the rally. Support comes in at 93.70 while 94.80 comes as resistance ahead of 96 the figure.