30 Jul 2013
AUD/JPY stabilizes above the 90.00 level
FXstreet.com (New York) - The AUD/JPY has been unable to shake its negatively thus far, clinging to narrow losses ahead of a rather busy Asian session on tap.
AUD/JPY event risk
The AUD/JPY will be affected by dual-data releases during Asian trading, with Japan on the clock first – Japanese Unemployment Rate, industrial figures, and household spending all highlight the first tranche of data at 23:50 GMT. Later on however, Australia is slated to release Building Permits (June) figures, followed by RBA Governor Stevens’s speech at 3:05 GMT.
AUD/JPY technical bias
In these moments, the AUD/JPY is negotiating an exchange of 90.13, still operating negatively, albeit at a modest -0.07% loss Tuesday morning during Asian trading. In terms of the technical levels, the AUD/JPY will face support at 90.05 (20-day SMA), ahead of 89.85 (July 29 low), and 89.71 (July 12 low).
AUD/JPY event risk
The AUD/JPY will be affected by dual-data releases during Asian trading, with Japan on the clock first – Japanese Unemployment Rate, industrial figures, and household spending all highlight the first tranche of data at 23:50 GMT. Later on however, Australia is slated to release Building Permits (June) figures, followed by RBA Governor Stevens’s speech at 3:05 GMT.
AUD/JPY technical bias
In these moments, the AUD/JPY is negotiating an exchange of 90.13, still operating negatively, albeit at a modest -0.07% loss Tuesday morning during Asian trading. In terms of the technical levels, the AUD/JPY will face support at 90.05 (20-day SMA), ahead of 89.85 (July 29 low), and 89.71 (July 12 low).