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7 Jan 2015
AUD/JPY inches above 96 handle
FXStreet (Mumbai) - The Australian dollar edges higher against the Japanese yen in the Asian morning, shrugging off a weaker services sector PMI report, largely on yen weakness.
Currently, the AUD/JPY pair trades at 96.08 levels, up 0.36% on the day, having clocked day’s high at 96.23 levels. The cross in AUD/JPY remains supported largely on yen weakness as the US dollar regained ground versus the Japanese currency after a brief reversal seen in the last two-sessions. The USD/JPY pair trades higher by 0.40% on the day at 118.92 levels. While, AUD/USD traded at 0.8075, marginally lower by -0.10% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 96.67 (Dec 17 High) levels and above which it could extend gains to at 97 levels. To the downside immediate support might be located at 95.68 (Today’s low) levels below that at 95.17 (Dec 17 Low) levels.
Currently, the AUD/JPY pair trades at 96.08 levels, up 0.36% on the day, having clocked day’s high at 96.23 levels. The cross in AUD/JPY remains supported largely on yen weakness as the US dollar regained ground versus the Japanese currency after a brief reversal seen in the last two-sessions. The USD/JPY pair trades higher by 0.40% on the day at 118.92 levels. While, AUD/USD traded at 0.8075, marginally lower by -0.10% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 96.67 (Dec 17 High) levels and above which it could extend gains to at 97 levels. To the downside immediate support might be located at 95.68 (Today’s low) levels below that at 95.17 (Dec 17 Low) levels.