4 Feb 2014
AUD/JPY ends at the lowest level in 5 months
FXStreet (Córdoba) - The AUD/JPY fell on Monday and broke below 88.40, reaching at 88.23 the lowest price since September 2; late during the American session trimmed losses and rose toward 88.50.
A stronger Yen weakened the AUD/JPY that posted the second daily decline in a row and the lowest daily close since August 30, under 88.50.
Early in Asia the AUD/JPY is moving slightly to the upside, still holding below 88.50, awaiting RBA rate decision. Stock in Australia are falling more than 1% as risk aversion prevails, favoring the Yen.
AUD/JPY levels to watch
To the upside immediate resistance lies at 88.85 (January 30, 31 low) and above here at 89.20 and 89.85 (February 3 high). Support levels could be located at 88.20 (February 3 low), 88.00 (August 29 high) and 87.40.
A stronger Yen weakened the AUD/JPY that posted the second daily decline in a row and the lowest daily close since August 30, under 88.50.
Early in Asia the AUD/JPY is moving slightly to the upside, still holding below 88.50, awaiting RBA rate decision. Stock in Australia are falling more than 1% as risk aversion prevails, favoring the Yen.
AUD/JPY levels to watch
To the upside immediate resistance lies at 88.85 (January 30, 31 low) and above here at 89.20 and 89.85 (February 3 high). Support levels could be located at 88.20 (February 3 low), 88.00 (August 29 high) and 87.40.