16 Jan 2015
AUD/JPY climbs back above 96.00
FXStreet (Córdoba) - AUD/JPY trimmed weekly losses on Friday on the back of a decline of the yen across the board. The pair bottomed after yesterday’s Wall Street closing bell at 94.95 (2-day low) but then turned to the upside.
After moving in a range between 65.45 and 96.05 for hours, broke to the upside and printed a fresh daily high at 96.70. Ahead of the end of the week it was trading at 96.60, 50 pips below the level it had seven days ago.
AUD/JPY still with a bearsih bias but above key level
On a wider perspective the pair continues to move with a bearish bias but once again avoided to close below 95.30 - 95.00 that is an important support area.
After moving in a range between 65.45 and 96.05 for hours, broke to the upside and printed a fresh daily high at 96.70. Ahead of the end of the week it was trading at 96.60, 50 pips below the level it had seven days ago.
AUD/JPY still with a bearsih bias but above key level
On a wider perspective the pair continues to move with a bearish bias but once again avoided to close below 95.30 - 95.00 that is an important support area.