FXWW News/JPY crosses

AUD/JPY edging back toward 89.00 resistance levels

USD/JPY is proving quite resilient, sitting just below Fibo resistance at 97.40, and AUD/JPY is trading close to session highs near 88.85. Technical support in the AUD/USD at .9105 managed to hold firm and if USD/JPY can manage to beak above previous lows-turned-resistance at 97.60, then we could see a significant move higher in the cross.

Once again Asia has been very quiet today with only the Yen crosses showing any inclination to move.

Leave a Reply

Your email address will not be published. Required fields are marked *