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17 Mar 2014
AUD/JPY rises after 6-day slide
FXStreet (Córdoba) - Risk appetite boosted the AUD/JPY on Monday back above 92.00. The pair posted the first daily gain after falling in the previous six trading days and recovered from the support level located at 91.30.
From 91.30 gained momentum and rose before Wall Street opening bell to 92.55 reaching a 2-day high. Since the American session remains moving sideways inside a small trading range with support at 92.25 and resistance around 92.55.
The Yen was among the worst performers on Monday while the Aussie climbed across the board. In a few hours, at 00:30 GMT, the Reserve Bank of Australia will release the minutes of the last policy meeting.
From 91.30 gained momentum and rose before Wall Street opening bell to 92.55 reaching a 2-day high. Since the American session remains moving sideways inside a small trading range with support at 92.25 and resistance around 92.55.
The Yen was among the worst performers on Monday while the Aussie climbed across the board. In a few hours, at 00:30 GMT, the Reserve Bank of Australia will release the minutes of the last policy meeting.