28 Apr 2016
AUD/JPY: bulls down and out targeting 80.67
AUD/JPY is currently trading at 82.45 with a high of 84.89 and a low of 82.09.
AUD/JPY is another cross at the mercy of the Yen although the Aussie was already set back on the CPI numbers earlier in the week, and while the 84.20 level offered temporary support, the BoJ outcome has seen the bulls off and we are quickly 200+ pips down to 82.30 lows.
BOJ surprises the market with unchanged policy
Goldman Sachs: Still expecting RBA rate cut next week
Australian Press: RBA likely to look through weak inflation rate
AUD/JPY levels
AUD/JPY breached the 100 sma on the hr sticks at 83.00 on the BoJ and penetrated the 17th April previous lows at 82.46 to score new lows of 82.09. 7th April lows are located at 80.67. On a recovery, the 50 dma is at 83.96.
AUD/JPY is another cross at the mercy of the Yen although the Aussie was already set back on the CPI numbers earlier in the week, and while the 84.20 level offered temporary support, the BoJ outcome has seen the bulls off and we are quickly 200+ pips down to 82.30 lows.
BOJ surprises the market with unchanged policy
Goldman Sachs: Still expecting RBA rate cut next week
Australian Press: RBA likely to look through weak inflation rate
AUD/JPY levels
AUD/JPY breached the 100 sma on the hr sticks at 83.00 on the BoJ and penetrated the 17th April previous lows at 82.46 to score new lows of 82.09. 7th April lows are located at 80.67. On a recovery, the 50 dma is at 83.96.