5 May 2014
AUD/JPY breaks below 94.50
FXStreet (Bali) - AUD/JPY is breaking below its day range following the miss in the China HSBC PMI, which coupled with broad Yen strength, is keeping any bulls at bay.
As Jim Langlands, Founder at FXChart, notes: "If the nearby support at around 94.50 were to give way we could see a drop towards support at 94.00/10, below which there is not much to hold it up until the 100 DMA at 93.00."
As Jim Langlands, Founder at FXChart, notes: "If the nearby support at around 94.50 were to give way we could see a drop towards support at 94.00/10, below which there is not much to hold it up until the 100 DMA at 93.00."