18 Feb 2015
AUD/JPY clings on to 93 handle
FXStreet (Mumbai) - AUD/JPY erased overnight gains and edged lower in early Asian trading, although remained close to fresh three-week highs reached at 93.37 in the previous session as traders await Bank of Japan’s (BOJ) monetary policy decision due later in the session.
BOJ in focus
Currently, the AUD/JPY trades lower by -0.18% at 93.07 levels, having dipped to fresh session lows at 93.05 few minutes ago. AUD/JPY extended losses after Tokyo open saw the buyers flocking to the yen against the Australian dollar. Moreover, minor recovery in the US also weighed on the Aussie dragging the pair lower.
The pair seems to be well supported above 93 levels as traders now turn focus on the upcoming BOJ Statement for fresh cues on the pair.
At the moment, AUD/USD trades slightly lower by -0.08% at 0.7811 levels, while USD/JPY declined -0.06% at 119.17 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 93.37 levels and above which it could extend gains to at 93.98 levels. To the downside immediate support might be located at 93 levels below that at 92.52 (10-DMA) levels.
BOJ in focus
Currently, the AUD/JPY trades lower by -0.18% at 93.07 levels, having dipped to fresh session lows at 93.05 few minutes ago. AUD/JPY extended losses after Tokyo open saw the buyers flocking to the yen against the Australian dollar. Moreover, minor recovery in the US also weighed on the Aussie dragging the pair lower.
The pair seems to be well supported above 93 levels as traders now turn focus on the upcoming BOJ Statement for fresh cues on the pair.
At the moment, AUD/USD trades slightly lower by -0.08% at 0.7811 levels, while USD/JPY declined -0.06% at 119.17 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 93.37 levels and above which it could extend gains to at 93.98 levels. To the downside immediate support might be located at 93 levels below that at 92.52 (10-DMA) levels.