11 Dec 2014
AUD/JPY spiking against strong downtrend
FXStreet (Guatemala) - AUD/JPY is trading at 98.46, up 0.22% on the day, having posted a daily high at 98.50 and low at 97.89.
AUD/JPY is off the 98.00 psychological support and currently bid. The outcome of the Aussie jobs data gave the AUD a boost across the board and is battling back against a robust Yen.
The Yen has been in the top spot this week and under demand ahead of key risk events in an otherwise delicate environment with concerns over the global growth outlook.
The pair will need to gather a string pace if it is going to dent the ground made by the Yen o the Aussie overnight, having fallen from above the 99 handle in a string a convincing downtrend.
AUD/JPY is off the 98.00 psychological support and currently bid. The outcome of the Aussie jobs data gave the AUD a boost across the board and is battling back against a robust Yen.
The Yen has been in the top spot this week and under demand ahead of key risk events in an otherwise delicate environment with concerns over the global growth outlook.
The pair will need to gather a string pace if it is going to dent the ground made by the Yen o the Aussie overnight, having fallen from above the 99 handle in a string a convincing downtrend.