1 Dec 2014
AUD/JPY holds above 100.00
FXStreet (Córdoba) - AUD/JPY is falling on Monday, but so far it has been able to hold above 100.00. The pair started the week with a bearish gap, trading at 100.50, after closing Friday slightly below 101.00.
AUD/JPY in ranges
The pair remains in ranges, moving sideways. The yen lost strength when approached 100.00 while the upside remains limited below 100.70. On a wider perspective since last Wednesday AUD/JPY is consolidating around 100.50, unable to consolidate on top of 101.00 but rejected from below 100.00.
The rise of the yen across the board during the European session was offset by a recovery of the aussie: while USD/JPY retreated from fresh multi-year highs above 119.00, AUD/USD rebounded sharply at 0.8415 and climbed above 0.8500.
AUD/JPY in ranges
The pair remains in ranges, moving sideways. The yen lost strength when approached 100.00 while the upside remains limited below 100.70. On a wider perspective since last Wednesday AUD/JPY is consolidating around 100.50, unable to consolidate on top of 101.00 but rejected from below 100.00.
The rise of the yen across the board during the European session was offset by a recovery of the aussie: while USD/JPY retreated from fresh multi-year highs above 119.00, AUD/USD rebounded sharply at 0.8415 and climbed above 0.8500.