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9 Dec 2014
AUD/JPY down heavily amongst tightening of risk
FXStreet (Guatemala) - AUD/JPY is trading at 99.22, down -0.80% on the day, having posted a daily high at 100.23 and low at 98.56.
AUD/JPY is down with the Yen performing well across the board ahead of increasing global risk factors and an unwinding of the USD. We are looking ahead against a backdrop of disinflationary pressures in Australia and the forthcoming snap elections in Japan as the main risk event. Then, further along we have the final FOMC for the year as it is starting to emerge that rates in the US may stay on hold for considerable time causing a pull back in the greenback currently and further adding to the Yens rally.
AUD/JPY noteworthy levels
Current price is 99.23, with levels ahead at 99.43 (Weekly Classic S2), 99.49 (Hourly 20 EMA), 99.53 (Daily Classic S1) and 100.04 (Daily Open). Next levels to the downside can be found at 99.03 (Daily Classic S2), 98.96 (Monthly Low), 98.87 (Weekly Classic S3), 98.56 (Daily Low) and 98.19 (Daily Classic S3).
AUD/JPY is down with the Yen performing well across the board ahead of increasing global risk factors and an unwinding of the USD. We are looking ahead against a backdrop of disinflationary pressures in Australia and the forthcoming snap elections in Japan as the main risk event. Then, further along we have the final FOMC for the year as it is starting to emerge that rates in the US may stay on hold for considerable time causing a pull back in the greenback currently and further adding to the Yens rally.
AUD/JPY noteworthy levels
Current price is 99.23, with levels ahead at 99.43 (Weekly Classic S2), 99.49 (Hourly 20 EMA), 99.53 (Daily Classic S1) and 100.04 (Daily Open). Next levels to the downside can be found at 99.03 (Daily Classic S2), 98.96 (Monthly Low), 98.87 (Weekly Classic S3), 98.56 (Daily Low) and 98.19 (Daily Classic S3).