Back
30 Dec 2014
AUD/JPY heavy and testing 98 handle
FXStreet (Guatemala) - AUD/JPY is trading at 97.95, down -0.21% on the day, having posted a daily high at 98.26 and low at 97.93.
The greenback has been the most dominant and this has weighed on gold and commodity currencies. Both the Aussie and USD/JPY have pulled back while the AUD/JPY has remained relatively stable but heavy while the cross consolidates the move up onto the 98 handle.
However, in the last moments, we are breaking to the downside and out of the sideways play again. The Yen is weighed upon the Abe cabinet while the Aussie grapples with the greenback in a losing battle on a number of counts, holding up the cross’s advances on the 98 handle. To the downside, this area marks first support with 97.83 being the weekly classic R1 ahead of the 97.00 level’s support.
The greenback has been the most dominant and this has weighed on gold and commodity currencies. Both the Aussie and USD/JPY have pulled back while the AUD/JPY has remained relatively stable but heavy while the cross consolidates the move up onto the 98 handle.
However, in the last moments, we are breaking to the downside and out of the sideways play again. The Yen is weighed upon the Abe cabinet while the Aussie grapples with the greenback in a losing battle on a number of counts, holding up the cross’s advances on the 98 handle. To the downside, this area marks first support with 97.83 being the weekly classic R1 ahead of the 97.00 level’s support.