10 Aug 2015
AUD/JPY headed toward the highest close in a month
FXStreet (Córdoba) - AUD/JPY is rising for the second day in a row and continues to advance after ending with important gains last week.
The pair reached during the American session at 92.43 the highest level since July 3 and currently is trading at 92.25/30, 200 pips above last week lows.
AUD/JPY confirms break of 92.00
The recent rally brought the price above the 92.00 area, that used to be an important resistance area. The short-term outlook points for further gains as long as the aussie remain above 92.00.
From a fundamental perspective, risk appetite weakened the USD and boosted the AUD in the currency market on Monday. Stocks in Wall Street are rising more than 1% while commodity prices are also recovering.
The pair reached during the American session at 92.43 the highest level since July 3 and currently is trading at 92.25/30, 200 pips above last week lows.
AUD/JPY confirms break of 92.00
The recent rally brought the price above the 92.00 area, that used to be an important resistance area. The short-term outlook points for further gains as long as the aussie remain above 92.00.
From a fundamental perspective, risk appetite weakened the USD and boosted the AUD in the currency market on Monday. Stocks in Wall Street are rising more than 1% while commodity prices are also recovering.