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17 Dec 2013
AUD/JPY falls to 2-month lows
FXstreet.com (Córdoba) - The AUD/JPY lost 85 pips on Tuesday and finished at 91.35 posting the lowest daily close since October 8th. In less than two hours, Glenn Stevens, Reserve Bank of Australia governor will deliver a speech at the parliament. A few days ago he spoke about the exchange rate having an important effect on the Aussie.
AUD/JPY hit by Yen strength
While the Aussie was among the worst performers, the Yen was on the opposite side on Tuesday. The Japanese currency appreciated across the board during the American session as the USD/JPY fell below 102.90. The AUD/JPY bottomed at 91.20 and rebounded timidly to close at 91.40.
The daily close was below December lows and the 92.00 mark that contained the price decline in the last weeks. Support from current levels could be seen at 91.10 and 90.70 (September 30 low) while resistance might lie at 91.75, 92.35 (December 16 high) and 92.80.
AUD/JPY hit by Yen strength
While the Aussie was among the worst performers, the Yen was on the opposite side on Tuesday. The Japanese currency appreciated across the board during the American session as the USD/JPY fell below 102.90. The AUD/JPY bottomed at 91.20 and rebounded timidly to close at 91.40.
The daily close was below December lows and the 92.00 mark that contained the price decline in the last weeks. Support from current levels could be seen at 91.10 and 90.70 (September 30 low) while resistance might lie at 91.75, 92.35 (December 16 high) and 92.80.