3 Feb 2014
AUD/JPY slightly higher in Asia despite data
FXstreet.com (Córdoba) - The AUD/JPY started the week moving to the upside, despite economic data from China and Australia and a decline in stocks in Japan. Recently the pair peaked at 89.73, hitting the highest level since Friday’s European session.
The Yen is among the weakest currencies across the board on Monday, as the Nikkei 225 falls 1.24% in the first half of trading.
AUD/JPY supported above 0.8900
Despite ending last week far from the highs, the AUD/JPY posted a small weekly gain, the first one of 2014, after falling more than 500 pips in the previous three. The Aussie is still facing pressure against the Yen but last week it was able to finished above 89.00.
To the upside, the bounced from January lows located at 88.40 found resistance at 91.20. Also the AUD/JPY has been unable to confirm levels on top of 90.50.
The Yen is among the weakest currencies across the board on Monday, as the Nikkei 225 falls 1.24% in the first half of trading.
AUD/JPY supported above 0.8900
Despite ending last week far from the highs, the AUD/JPY posted a small weekly gain, the first one of 2014, after falling more than 500 pips in the previous three. The Aussie is still facing pressure against the Yen but last week it was able to finished above 89.00.
To the upside, the bounced from January lows located at 88.40 found resistance at 91.20. Also the AUD/JPY has been unable to confirm levels on top of 90.50.