5 May 2014
AUD/JPY recovers from 5-week lows
FXStreet (Córdoba) - The AUD/JPY is about to finished Monday around 94.70, 10 pips below Friday’s closing price but far from the lows. During the Asian session the pair bottomed at 94.25, the lowest price since March 27 but the rebounded and trimmed losses. On American hours the pair rose from 94.40 to 94.75.
AUD/JPY breaks range
Since April 24 the AUD/JPY has been moving in a range between 95.25/30 and 94.55 but during Monday’s Asian session broke to the downside and fell to 94.40.
With the late recovery price rose back above the previous trading range and avoided the lowest daily close in a month.
AUD/JPY breaks range
Since April 24 the AUD/JPY has been moving in a range between 95.25/30 and 94.55 but during Monday’s Asian session broke to the downside and fell to 94.40.
With the late recovery price rose back above the previous trading range and avoided the lowest daily close in a month.