14 Nov 2013
AUD/JPY back at 93.00
FXstreet.com (Chicago) - AUD/JPY climbs to 93.10 session highs retaking the 93 zone after the release of data in Japan and Tokyo’s opening.
Data in Japan
Consumer inflation expectation results for October were 1.9% vs. prior 2.0%. Foreign bond investment results for November were 357.1B vs. prior 276.8B. Foreign investment in Japanese stocks were 273.1 vs. prior 247.9B. The GDP annualized was 1.9% vs. expected 1.7% and prior 3.8%.
AUD/JPY Technical Levels
Price action reveals a strong rally at Tokyo’s opening enabling the pair to reach the 93.00 front. Offered at 93.02, the pair oscillates between the supports aligned at 92.29 (November 8th lows), 91.57 (October 10th lows) followed by 91 (October 7th lows) and the resistances aligned at 93.60 (November 1st highs), 94.16 (November 7th highs) followed by 94.94 (October 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.
Data in Japan
Consumer inflation expectation results for October were 1.9% vs. prior 2.0%. Foreign bond investment results for November were 357.1B vs. prior 276.8B. Foreign investment in Japanese stocks were 273.1 vs. prior 247.9B. The GDP annualized was 1.9% vs. expected 1.7% and prior 3.8%.
AUD/JPY Technical Levels
Price action reveals a strong rally at Tokyo’s opening enabling the pair to reach the 93.00 front. Offered at 93.02, the pair oscillates between the supports aligned at 92.29 (November 8th lows), 91.57 (October 10th lows) followed by 91 (October 7th lows) and the resistances aligned at 93.60 (November 1st highs), 94.16 (November 7th highs) followed by 94.94 (October 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.