19 Jun 2015
AUD/JPY rejected at 95.92, BOJ awaited
FXStreet (Mumbai) - AUD/JPY keeps losses in the mid-Asian trades, following two straight session of gains, largely on the back of the Aussie weakness while traders remain cautious ahead of the Bank of Japan (BOJ) rate decision due out shortly.
BOJ eyed
Currently, the AUD/JPY pair trades -0.13% lower, retreating from day’s low reached at 95.68. The AUD/JPY cross failed to breached the hurdle near 96 handle and rebounded lower mainly driven by Aussie weakness after the US dollar regained lost strength following upbeat US macro data published on Thursday.
On the other hand, the dollar-yen pair trades dead flat just shy of 123 barrier as traders eagerly await BOJ decision with any new remarks on the exchange rate to be watched with careful eyes.
AUD/JPY Technical Levels
To the upside, the next resistance is located at 95.92 (Today’s High) levels and above which it could extend gains 96.38 (June 18 High) levels. To the downside immediate support might be located at 95.50 below that at 94.90 (June 18 Low) levels.
BOJ eyed
Currently, the AUD/JPY pair trades -0.13% lower, retreating from day’s low reached at 95.68. The AUD/JPY cross failed to breached the hurdle near 96 handle and rebounded lower mainly driven by Aussie weakness after the US dollar regained lost strength following upbeat US macro data published on Thursday.
On the other hand, the dollar-yen pair trades dead flat just shy of 123 barrier as traders eagerly await BOJ decision with any new remarks on the exchange rate to be watched with careful eyes.
AUD/JPY Technical Levels
To the upside, the next resistance is located at 95.92 (Today’s High) levels and above which it could extend gains 96.38 (June 18 High) levels. To the downside immediate support might be located at 95.50 below that at 94.90 (June 18 Low) levels.