17 Jan 2014
AUD/JPY unable to hold above 92.00
FXstreet.com (Córdoba) - The recovery of the AUD/JPY from 91.60 is loosing steam early in Asia and is trading back below 92.00 as the Yen rises moderately following a negative opening for stocks in Japan. The Nikkei 225 is falling 0.44% in the first minutes.
AUD/JPY and the day after the big slide
The AUD/JPY had the worst daily performance in a month, plummeting more than a hundred pips on Thursday from 93.20, after disappointing economic data from Australia and a recovery of the Yen across the board after a 3-day decline.
Yesterday the AUD/JPY bottomed at 91.60, 4-week low, and trimmed losses on American hours. The recovery from the lows lost momentum as the price approached 92.00, that still proves to be an important level to watch.
AUD/JPY and the day after the big slide
The AUD/JPY had the worst daily performance in a month, plummeting more than a hundred pips on Thursday from 93.20, after disappointing economic data from Australia and a recovery of the Yen across the board after a 3-day decline.
Yesterday the AUD/JPY bottomed at 91.60, 4-week low, and trimmed losses on American hours. The recovery from the lows lost momentum as the price approached 92.00, that still proves to be an important level to watch.