Forex: AUD/JPY asks above 86 round heavy
FXstreet.com (Barcelona) - AUDJPY is currently recovering at 85.92 from previous weekly lows at 85.56, retracing from early Monday fresh almost 8-month highs at 86.41. The cross is some way contained below 86 round asks, at the same time finds support from USDJPY pair bids at 82 round, as is reported some expiries are tied to that strike.
As soon as those expiries in USDJPY at 82 round are settled, market sources say, USD recent turn might look for lower USDJPY and thus AUDJPY, while AUDUSD just printed fresh 2-month highs at 1.0490 right after Greece aid tranche has been agreed, but not following thru, what is making market skepticism to grow.
Immediate support to the downside for AUDJPY lies at yesterday's lows 85.58, followed by Friday's lows 85.33, and Nov 19 highs/38.2% Fib of 81.95/86.41 at 84.75. To the upside, closest resistance comes at recent session highs 86.09, followed by yesterday's multi-month highs at 86.41, and April 02 highs at 86.77.
As soon as those expiries in USDJPY at 82 round are settled, market sources say, USD recent turn might look for lower USDJPY and thus AUDJPY, while AUDUSD just printed fresh 2-month highs at 1.0490 right after Greece aid tranche has been agreed, but not following thru, what is making market skepticism to grow.
Immediate support to the downside for AUDJPY lies at yesterday's lows 85.58, followed by Friday's lows 85.33, and Nov 19 highs/38.2% Fib of 81.95/86.41 at 84.75. To the upside, closest resistance comes at recent session highs 86.09, followed by yesterday's multi-month highs at 86.41, and April 02 highs at 86.77.
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