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28 Nov 2014
AUD/JPY pressured towards downside on 100 handle
FXStreet (Barcelona) - AUD/JPY is trading at 100.43, down -0.22% on the day, having posted a daily high at 100.74 and low at 100.39.
AUD/JPY is coming to a close on the month with pressures that have mounted to the downside. The Yen is sighted by many to be undervalued, or moreover, too weak too fast while the RBA is consistent with talking the value of the Aussie down at any opportunity given. Today, commodity crosses took a hit on OPEC continuing its quota and the greenback benefitted across the board.
The Aussie tracked the price of Gold lower also on the back of the activity overnight. Just out we have had a slew of Japanese data that included disinflationary CPI numbers first for the Japanese economy. The rest of the data has been supportive of the Yen and read positively with a lower unemployment rate and better than expected industrial production numbers.
AUD/JPY downside noteworthy levels on 100 handle
Next support to the downside can be found at 100.43 (Weekly Classic S2), 100.39 (Daily Low), 100.34 (Yesterday's Low), 100.10 (Daily Classic
S1) and 100.03 (Daily 20 SMA).
AUD/JPY is coming to a close on the month with pressures that have mounted to the downside. The Yen is sighted by many to be undervalued, or moreover, too weak too fast while the RBA is consistent with talking the value of the Aussie down at any opportunity given. Today, commodity crosses took a hit on OPEC continuing its quota and the greenback benefitted across the board.
The Aussie tracked the price of Gold lower also on the back of the activity overnight. Just out we have had a slew of Japanese data that included disinflationary CPI numbers first for the Japanese economy. The rest of the data has been supportive of the Yen and read positively with a lower unemployment rate and better than expected industrial production numbers.
AUD/JPY downside noteworthy levels on 100 handle
Next support to the downside can be found at 100.43 (Weekly Classic S2), 100.39 (Daily Low), 100.34 (Yesterday's Low), 100.10 (Daily Classic
S1) and 100.03 (Daily 20 SMA).