28 Oct 2013
AUD/JPY consolidates takeoff printing 93.78 highs
FXstreet.com (Chicago) - AUD/JPY consolidates bullish move supported by primary and secondary trends shortly after Tokyo’s opening and on BoJ aggressive easing announcement.
Monetary easing
Deputy Governor Iwata said the BoJ will continue buying bonds until achieving its 2% inflation target. The yen weakens on comments while the Nikkei 225 trades up 0.92%.
AUD/JPY Technical Levels
Consolidating a strong reversal with runaway gap at opening, the pair drifts away from immediate support. With primary and secondary trends point up, confirming the bullish move shortly after Tokyo’s opening. Offered at 93.66, the pair navigates between the supports aligned at 93.44 (October 23rd lows), 92.89 (October 14th lows) ahead of 92.45 (October 13th lows) and the resistances set at 94 (October 15th highs), 94.50 (October 16th highs) followed by 95 (October 20th highs).
Monetary easing
Deputy Governor Iwata said the BoJ will continue buying bonds until achieving its 2% inflation target. The yen weakens on comments while the Nikkei 225 trades up 0.92%.
AUD/JPY Technical Levels
Consolidating a strong reversal with runaway gap at opening, the pair drifts away from immediate support. With primary and secondary trends point up, confirming the bullish move shortly after Tokyo’s opening. Offered at 93.66, the pair navigates between the supports aligned at 93.44 (October 23rd lows), 92.89 (October 14th lows) ahead of 92.45 (October 13th lows) and the resistances set at 94 (October 15th highs), 94.50 (October 16th highs) followed by 95 (October 20th highs).