26 May 2014
AUD/JPY trading is slow on quiet looking week
FXStreet (Guatemala) - AUD/JPY is trading at 94.16, up 0.04% on the day, having posted a daily high at 94.31 and low at 94.09.
With the BoJ minutes out of the way, it’s a fairly quiet week in terms of key data in almost all economies, but for the pair, Thursday has Aussie private CAPEX (a GDP input) and the revised estimates of US Q1 GDP. And then Friday has Japanese CPI and industrial production: Rabobank analysts explained that the base effects mean the former will certainly exceed the BoJ’s 2% target in the month – but the bigger question is still if it can stay there in 2015 against the base effects from this year.
AUD/JPY Levels
Current price is 94.17, with resistance ahead at 94.28 (Yesterday's High), 94.31 (Daily High), 94.34 (Daily Classic R1), 94.55 (Daily Classic R2) and 94.59 (Hourly 200 SMA). Next support to the downside can be found at 94.16 (Daily Open), 94.12 (Weekly Classic PP), 94.09 (Daily Low), 94.07 (Hourly 20 EMA) and
94.07 (Daily Classic PP).
With the BoJ minutes out of the way, it’s a fairly quiet week in terms of key data in almost all economies, but for the pair, Thursday has Aussie private CAPEX (a GDP input) and the revised estimates of US Q1 GDP. And then Friday has Japanese CPI and industrial production: Rabobank analysts explained that the base effects mean the former will certainly exceed the BoJ’s 2% target in the month – but the bigger question is still if it can stay there in 2015 against the base effects from this year.
AUD/JPY Levels
Current price is 94.17, with resistance ahead at 94.28 (Yesterday's High), 94.31 (Daily High), 94.34 (Daily Classic R1), 94.55 (Daily Classic R2) and 94.59 (Hourly 200 SMA). Next support to the downside can be found at 94.16 (Daily Open), 94.12 (Weekly Classic PP), 94.09 (Daily Low), 94.07 (Hourly 20 EMA) and
94.07 (Daily Classic PP).