AUD/JPY steady above 96.00

FXStreet (Córdoba) - AUD/JPY dropped during the Asian session from 96.80 and bottomed at 95.90. The pair quickly rose back above 96.00 and during the last hours has remains steady hovering around 96.20.

Price has been moving sideways in range with support at 96.10 and resistance at 96.35/40.

AUD/JPY bearish but still above 95.00

The aussie is falling on January for the second month in a row against the yen and on a wider perspective remains with a bearsih bias. So far the pair has been able to hold above 95.00; it traded momentarily below but it was rejected. A consolidation below 95.00 could signal further weakness ahead.

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