19 Dec 2014
AUD/JPY pressured and 97.20 support giving out
FXStreet (Guatemala) - AUD/JPY is trading at 97.03, down -0.02% on the day, having posted a daily high at 97.27 and low at 96.93.
AUD/JPY has turned down through the 97.20 support and may be headed towards 96.80 which would be reaching the ascending support line formed there on the short term charts today as a daily resistance support level. The Aussie has been pressured by the greenback but held its own so far, testing the upside but failing at the 20 DMA at 0.8190.
Meanwhile, USD/JPY will come into the spot light as we await the BoJ decision and statements. While not expecting any fireworks around a no change decision, it is worth noting the statement and the press conference by Governor Kuroda keeping an ear to the ground for any mention of the value of the Yen and oil prices.
AUD/JPY has turned down through the 97.20 support and may be headed towards 96.80 which would be reaching the ascending support line formed there on the short term charts today as a daily resistance support level. The Aussie has been pressured by the greenback but held its own so far, testing the upside but failing at the 20 DMA at 0.8190.
Meanwhile, USD/JPY will come into the spot light as we await the BoJ decision and statements. While not expecting any fireworks around a no change decision, it is worth noting the statement and the press conference by Governor Kuroda keeping an ear to the ground for any mention of the value of the Yen and oil prices.