6 Mar 2014
AUD/JPY soars above 92.00, hits 1-week highs after Australian data
FXStreet (Córdoba) - The AUD/JPY jumped after the release of economic data from Australia rising from 91.85 to 92.55 in a few minutes, reaching the highest price since February 25. The Aussie soared across the board and is the best perform so far on Thursday.
In Australia, the trade balance for January showed an impressive surplus while retail sales rose 1.2%, surpassing expectations. The reports boosted the AUD/JPY to the upside.
The pair remains near daily highs on it way to the third daily gain in a row. From Monday’s low it has now risen 250 pips. At the beginning of the week the AUD/JPY fell to 3-week lows at 90.05 and at the moment of writing trades at 1-week highs, approaching 93.00; if it breaks above it would reach levels not seen in almost two months.
In Australia, the trade balance for January showed an impressive surplus while retail sales rose 1.2%, surpassing expectations. The reports boosted the AUD/JPY to the upside.
The pair remains near daily highs on it way to the third daily gain in a row. From Monday’s low it has now risen 250 pips. At the beginning of the week the AUD/JPY fell to 3-week lows at 90.05 and at the moment of writing trades at 1-week highs, approaching 93.00; if it breaks above it would reach levels not seen in almost two months.