10 Aug 2015
AUD/JPY: bulls remain in control to 92 handle
FXStreet (Guatemala) - AUD/JPY is currently trading at 91.97 with a high of 92.20 and a low of 91.87.
AUD/JPY has been continuing with a bid theme ever since the rally from 90.40 territory when the RBA statement tweaked the wording around the price of the Aussie. The statement explained that the price is adjusting to the significant declines in key commodity prices rather than suggesting the Aussie has further to fall. Since then, it has been mainly all about the Nonfarm Payrolls and this has anchored the cross in the cross-fire.
The Yen was initially offered on the outcome of a near miss, but a still on track Nonfarm payrolls number. The greenback was sold off some moments later into the aftermath on squaring and left the cross sidelined with similar price action in the Aussie.
Technically, the upside is limited here by the middle of July's downtrend's resistance at 92.25 although we are supported at 91.80. To the downside, 91.20 and then 90.80 opens the 90.00 level that guards 89.15/40.
AUD/JPY has been continuing with a bid theme ever since the rally from 90.40 territory when the RBA statement tweaked the wording around the price of the Aussie. The statement explained that the price is adjusting to the significant declines in key commodity prices rather than suggesting the Aussie has further to fall. Since then, it has been mainly all about the Nonfarm Payrolls and this has anchored the cross in the cross-fire.
The Yen was initially offered on the outcome of a near miss, but a still on track Nonfarm payrolls number. The greenback was sold off some moments later into the aftermath on squaring and left the cross sidelined with similar price action in the Aussie.
Technically, the upside is limited here by the middle of July's downtrend's resistance at 92.25 although we are supported at 91.80. To the downside, 91.20 and then 90.80 opens the 90.00 level that guards 89.15/40.