30 Oct 2013
AUD/JPY muted as RBA’s Stevens comments dissipate, ahead of FOMC
FXstreet.com (Athens) – The AUD/JPY is heading slightly upwards the last couple of hours, mainly due to the sharp gains of the Nikkei, but mostly moves little changed ahead of FOMC.
AUD/JPY holds its bearings ahead of FOMC; sits on the same levels as of the opening
The AUD/JPY is sitting on the fence on late Asian session ahead of FOMC, as it lies in the same almost levels with the corresponding ones in the kick off of the Asian opening trading session. Market participants might have caught slightly off guard - taken for granted that Nikkei soars with gains up 0.93% coupled with the fact that RBA’s Governor Stevens yesterday’s comments have faded away – but the cross struggles to find further uptrend momentum. Nevertheless, investors should bear in mind that the highlight of the week is FOMC and markets are focused on that event,
with the broader expectation to be that Fed will keep policy unchanged until next year.
Technical Aspects on the AUD/JPY
The cross is now trading at 93.07, totally muted. The FXstreet.com Trend Index shows the pair to be slightly bearish in the 15 minutes timeframe. Daily pivot point support can be found at 92.95, 92.68, 92.18 and resistance at 93.76, 94.00 and 94.22, respectively.
AUD/JPY holds its bearings ahead of FOMC; sits on the same levels as of the opening
The AUD/JPY is sitting on the fence on late Asian session ahead of FOMC, as it lies in the same almost levels with the corresponding ones in the kick off of the Asian opening trading session. Market participants might have caught slightly off guard - taken for granted that Nikkei soars with gains up 0.93% coupled with the fact that RBA’s Governor Stevens yesterday’s comments have faded away – but the cross struggles to find further uptrend momentum. Nevertheless, investors should bear in mind that the highlight of the week is FOMC and markets are focused on that event,
with the broader expectation to be that Fed will keep policy unchanged until next year.
Technical Aspects on the AUD/JPY
The cross is now trading at 93.07, totally muted. The FXstreet.com Trend Index shows the pair to be slightly bearish in the 15 minutes timeframe. Daily pivot point support can be found at 92.95, 92.68, 92.18 and resistance at 93.76, 94.00 and 94.22, respectively.