18 Aug 2015
AUD/JPY better bid post RBA minutes
FXStreet (Guatemala) - AUD/JPY is currently trading at 91.86 with a high of 91.88 and a low of 91.63.
AUD/JPY has popped higher post the RBA minutes with a better bid Aussie that had initially dropped on the release by 10 pips and the cross followed the same pattern. The cross has otherwise been quiet with only a little demand in early Asia and leading in to the release within the wide 89.20 and the 92.40 range on the longer time frames. The RBA minutes noted that the dollar could appreciate higher vs the Aussie when the Fed hikes.
AUD/JPY levels
The 5-week sideways channel has been between 89.20 and the 92.40's while the pair was sold-off at the end of July from above 95.20, extending losses from the 96 handle in late June. To the downside, 89.40 has offered continued support while problematic resistance comes at 92 psychological handle.
AUD/JPY has popped higher post the RBA minutes with a better bid Aussie that had initially dropped on the release by 10 pips and the cross followed the same pattern. The cross has otherwise been quiet with only a little demand in early Asia and leading in to the release within the wide 89.20 and the 92.40 range on the longer time frames. The RBA minutes noted that the dollar could appreciate higher vs the Aussie when the Fed hikes.
AUD/JPY levels
The 5-week sideways channel has been between 89.20 and the 92.40's while the pair was sold-off at the end of July from above 95.20, extending losses from the 96 handle in late June. To the downside, 89.40 has offered continued support while problematic resistance comes at 92 psychological handle.