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9 Jan 2015
AUD/JPY holds above 97 handle
FXStreet (Mumbai) - The Australian dollar steadied against the Japanese yen in the early European morning, wiping out gains from the Asian morning.
Currently, the AUD/JPY pair trades flat at 97.11 levels, having clocked day’s high at 97.44 earlier in the day. The cross in AUD/JPY pared previous gains as the yen regained footing versus the US dollar ahead of US jobs data. On the other hand, the Aussie also shaved gains against the greenback as the recent weak economic releases weighed on investor sentiments. The USD/JPY pair trades at 119.39 levels down -0.22% on the day. While, AUD/USD traded at 0.8135, up 0.15% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97.55 (Jan 5 High) levels and above which it could extend gains to at 98.15 (Jan 2 High) levels. To the downside immediate support might be located at 96.67 (Dec 17 High) levels below that at 96.21 (Dec 18 Low) levels.
Currently, the AUD/JPY pair trades flat at 97.11 levels, having clocked day’s high at 97.44 earlier in the day. The cross in AUD/JPY pared previous gains as the yen regained footing versus the US dollar ahead of US jobs data. On the other hand, the Aussie also shaved gains against the greenback as the recent weak economic releases weighed on investor sentiments. The USD/JPY pair trades at 119.39 levels down -0.22% on the day. While, AUD/USD traded at 0.8135, up 0.15% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97.55 (Jan 5 High) levels and above which it could extend gains to at 98.15 (Jan 2 High) levels. To the downside immediate support might be located at 96.67 (Dec 17 High) levels below that at 96.21 (Dec 18 Low) levels.