11 Jun 2013
AUD/JPY holding onto 93 round levels ahead of BoJ
FXstreet.com (Barcelona) - With soft data coming out of Australia just released, Aussie has broken below the 0.94 big figure to print yet another fresh 2.5-year lows at 0.9378, taking AUD/JPY down with it, posting session lows at 92.64. Last at 92.95, the cross is still in the positive for the week.
Moments before BoJ interest rate statement is published, AUD/JPY is off weekly highs at double 93.75 printed by mid NY session and early Asia-Pacific trade, mostly on the back of Yen weakness, as even though Aussie had pared part of initial weekly loses after gapping lower Monday post-soft Chinese data, the antipodean currency is still along NZD the weakest among majors.
Immediate support to the downside for AUD/JPY lies at recent session lows/previous weekly close Friday 92.65, followed by Friday's London session highs at 92.37, and yesterday's early Asia-Pacific weekly lows at 91.81. To the upside, closest resistance shows at session highs 93.75, followed by Thursday's highs at 94.35, and Jan 14 highs at 94.66.
Moments before BoJ interest rate statement is published, AUD/JPY is off weekly highs at double 93.75 printed by mid NY session and early Asia-Pacific trade, mostly on the back of Yen weakness, as even though Aussie had pared part of initial weekly loses after gapping lower Monday post-soft Chinese data, the antipodean currency is still along NZD the weakest among majors.
Immediate support to the downside for AUD/JPY lies at recent session lows/previous weekly close Friday 92.65, followed by Friday's London session highs at 92.37, and yesterday's early Asia-Pacific weekly lows at 91.81. To the upside, closest resistance shows at session highs 93.75, followed by Thursday's highs at 94.35, and Jan 14 highs at 94.66.