25 Apr 2014
AUD/JPY ends week below 95.00
FXStreet (Córdoba) - The AUD/JPY lost a hundred pips during the week and finished hovering around 94.65, posting the lowest daily close in almost a month. It was the third daily loss in a row for the pair that bottomed at 94.50 after Wall Street’s opening bell.
The Yen was among the best currencies during the week favored by some risk aversion while the Aussie was in the group of the worst performers weakened by Australian inflation data. After the CPI report on Wednesday the AUD/JPY lost momentum and turned to the downside falling from levels on top of 96.00.
The weekly close was below the 95.00 area, that capped the downside during April. Now the AUD/JPY is headed toward a moderate monthly loss after rising more than 500 pips during March.
The Yen was among the best currencies during the week favored by some risk aversion while the Aussie was in the group of the worst performers weakened by Australian inflation data. After the CPI report on Wednesday the AUD/JPY lost momentum and turned to the downside falling from levels on top of 96.00.
The weekly close was below the 95.00 area, that capped the downside during April. Now the AUD/JPY is headed toward a moderate monthly loss after rising more than 500 pips during March.