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27 Jun 2013
AUD/JPY unchanged above 90.50
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 90.76, unchanged from previous Asia-Pacific open yesterday, and for about the whole week so far since early Monday in the region, slightly up from Friday's weekly close.
“The worst seems to be over for the Aussie, for now at least,” said FXWW founder Sean Lee, while the same could be said for Yen as both are the 2 strongest currencies among majors for last 2 trading days. With lack of economic news in the calendar for today, and eyes already focused on next Tuesday's RBA meeting, odds are in favor for more 90/91 range trade for the hours to come, analysts said.
Immediate resistance to the upside for AUD/JPY shows at Monday's/overnight's weekly highs 91.08/16, followed by June 19 highs at 91.33, and June 17 highs at 91.57. To the downside, closest support lies at NY session lows 90.33, followed by June 18 lows at 89.84, and Monday's/Tuesday's weekly lows at 89.59/6.
“The worst seems to be over for the Aussie, for now at least,” said FXWW founder Sean Lee, while the same could be said for Yen as both are the 2 strongest currencies among majors for last 2 trading days. With lack of economic news in the calendar for today, and eyes already focused on next Tuesday's RBA meeting, odds are in favor for more 90/91 range trade for the hours to come, analysts said.
Immediate resistance to the upside for AUD/JPY shows at Monday's/overnight's weekly highs 91.08/16, followed by June 19 highs at 91.33, and June 17 highs at 91.57. To the downside, closest support lies at NY session lows 90.33, followed by June 18 lows at 89.84, and Monday's/Tuesday's weekly lows at 89.59/6.