Forex: AUD/JPY below 88 +11% YTD
FXstreet.com (Barcelona) - AUDJPY opened higher today in the Asia-Pacific to print session highs at 87.88 on the back of Yen weakness, with USDJPY pushing higher to fresh session highs at 84.49, just few pips below record highs of last week, making AUDJPY cross last at 87.72, still bit higher for the week from the very beginning.
Slightly positive Asian share markets helped with Hong-Kong open up +0.21%, only local market open for half-day trading along with Singapore ahead of Christmas Eve, is helping USD not from appreciate more across the board. Very thin markets still with no economic news in the agenda, and US 'fiscal cliff' negotiations on hold till Dec 27th. AUDJPY is +11.75% higher year to date.
Immediate resistance to the upside for AUDJPY shows at recent session highs/Thursday's lows 87.84/8, followed by Tuesday's lows at 88.07, and Thursday/Friday's highs at 88.53. To the downside, nearest term support lies at Friday's lows 87.52, followed by April 02/Dec 07 highs at 86.72/7, and Nov 26 highs at 86.44.
Slightly positive Asian share markets helped with Hong-Kong open up +0.21%, only local market open for half-day trading along with Singapore ahead of Christmas Eve, is helping USD not from appreciate more across the board. Very thin markets still with no economic news in the agenda, and US 'fiscal cliff' negotiations on hold till Dec 27th. AUDJPY is +11.75% higher year to date.
Immediate resistance to the upside for AUDJPY shows at recent session highs/Thursday's lows 87.84/8, followed by Tuesday's lows at 88.07, and Thursday/Friday's highs at 88.53. To the downside, nearest term support lies at Friday's lows 87.52, followed by April 02/Dec 07 highs at 86.72/7, and Nov 26 highs at 86.44.
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