26 Mar 2014
AUD/JPY posts highest daily close in 2-months
FXStreet (Córdoba) - Despite not reaching a fresh high for the current month, the AUD/JPY rose and posted the highest daily close since January 3, after ending at 93.65. The pair continues to move to the upside and is trading at a strong resistance zone between current level and 94.00.
Since November of last year that the Aussie has been unable to close a day above 94.10. After rebounding at 91.30 two weeks ago the AUD/JPY gained upside momentum and rose constantly. Price peaked on Tuesday at 93.82, 2-week high.
Early in Asia holds near Tuesday’s highs, consolidating around 93.65/70 ahead of the release of the Financial Stability Review in Australia and Glenn Stevens’ speech.
Since November of last year that the Aussie has been unable to close a day above 94.10. After rebounding at 91.30 two weeks ago the AUD/JPY gained upside momentum and rose constantly. Price peaked on Tuesday at 93.82, 2-week high.
Early in Asia holds near Tuesday’s highs, consolidating around 93.65/70 ahead of the release of the Financial Stability Review in Australia and Glenn Stevens’ speech.