6 Jan 2015
AUD/JPY jumps, back above 97 handle
FXStreet (Mumbai) - The Australian dollar advanced against the Japanese yen in the Asian morning, snapping three consecutive days of declines, on shrinking Australian trade deficit numbers.
Currently, the AUD/JPY pair trades at 97.10 levels, up 0.40% on the day, having clocked day’s high at 97.23 levels. The cross in AUD/JPY remains supported after Australia’s the balance on goods and services saw a deficit of AUD 980m in November 2014, a decrease of AUD 122m (11%) on the deficit in October 2014.
The AUD/JPY cross gains as AUD/USD climbs back above 0.81 handle, up 0.66% on the day. While, USD/JPY traded at 119.34, down -0.24%, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97 levels and above which it could extend gains to at 97.55 (Jan 4 High) levels. To the downside immediate support might be located at 96.66 (200-DMA) levels below that at 96.21 (Dec 18 Low) levels.
Currently, the AUD/JPY pair trades at 97.10 levels, up 0.40% on the day, having clocked day’s high at 97.23 levels. The cross in AUD/JPY remains supported after Australia’s the balance on goods and services saw a deficit of AUD 980m in November 2014, a decrease of AUD 122m (11%) on the deficit in October 2014.
The AUD/JPY cross gains as AUD/USD climbs back above 0.81 handle, up 0.66% on the day. While, USD/JPY traded at 119.34, down -0.24%, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97 levels and above which it could extend gains to at 97.55 (Jan 4 High) levels. To the downside immediate support might be located at 96.66 (200-DMA) levels below that at 96.21 (Dec 18 Low) levels.