3 Jul 2015
AUD/JPY: Eyes 91 psychological handle, risk on Greek referendum
FXStreet (Guatemala) - AUD/JPY is currently trading at 92.31 with a high of 94.02 and a low of 92.08.
AUD/JPY is finding a little bid here as we progress towards the Greek referendum this weekend, while the Yen has been offered with USD/JPY on a run up to test the 122.80 resistance in thin market conditions with US desks out.
AUD/JPY price action
AUD/JPY has been one way traffic from 93.40 in Europe extending Asia's offer form upon the 94 handle with 92.30 acting as last defence of current lows before further supply came in at 92.60.
AUD/JPY fundamentally on the offer ahead of Greek referendum
AUD/JPY was been offered in Asia on the back of data from Australia's retails sales and then onto the HSBC service PMI disappointments from China. The Greek referendum is taking place this weekend and given the Yens safe haven status, pressures remains to the downside despite a show of hands in the Yen, likely exaggerated in thin market conditions.
AUD/JPY remains technically bearish
Supports were knocked out, through the previous 92.67 July low and the new lows leave the cross en route for the 91.00 psychological handle.
AUD/JPY is finding a little bid here as we progress towards the Greek referendum this weekend, while the Yen has been offered with USD/JPY on a run up to test the 122.80 resistance in thin market conditions with US desks out.
AUD/JPY price action
AUD/JPY has been one way traffic from 93.40 in Europe extending Asia's offer form upon the 94 handle with 92.30 acting as last defence of current lows before further supply came in at 92.60.
AUD/JPY fundamentally on the offer ahead of Greek referendum
AUD/JPY was been offered in Asia on the back of data from Australia's retails sales and then onto the HSBC service PMI disappointments from China. The Greek referendum is taking place this weekend and given the Yens safe haven status, pressures remains to the downside despite a show of hands in the Yen, likely exaggerated in thin market conditions.
AUD/JPY remains technically bearish
Supports were knocked out, through the previous 92.67 July low and the new lows leave the cross en route for the 91.00 psychological handle.