AUD/JPY recovery capped by 97.00

FXStreet (Córdoba) - AUD/JPY bottomed during the Asian session at 96.30, the lowest price since January 6 but then bounced sharply to the upside, and climbed to 96.98, the highest price of the day so far.

Afterwards, on European hours lost momentum after being unable to break above 97.00 and dropped to 96.35. Currently trades at 96.65, up 0.11% for the day so far.

The par gained momentum during the last hours on the back of a weak yen. While AUD/USD retreated from near 0.8200 to 0.8150, the USD/JPY pair climbed from 117.80 back above 118.50.