Forex: AUD/JPY capped at an almost 8-month high; breaks below 86

FXstreet.com (Barcelona) - AUDJPY is currently at 86.02 bids and moving lower, slightly below weekly close Friday about 10 pips above, and off recent session highs at 86.41, an almost 8-month new high. After a positive open taking USDJPY pair up to fresh session highs at 82.60 following latest BoJ meeting minutes, comments from BoJ governor Shirakawa holding a press conference in Nagoya later on, pressed the pair and the cross with it, to recent session lows.

Despite US SP500 futures opening on a weak tone around session lows barely above the 1400 round mark, Nikkei index printed fresh highs right below the 9500 points mark, highest since May 01 2012, currently retracing from there but still higher by +0.62%, showing risk on is still present in Asia-Pacific markets. Other local share markets show mixed results, with plenty of uncertainty surrounding upcoming Eurogroup meeting, expected to deliver an agreement on next aid tranche for Greece.

Immediate support to the downside lies at Friday's lows 85.31, followed by Nov 19 highs/38.2% Fibo retrace of latest up leg 81.95/86.41 at 84.75, and Nov 07/16 highs - 50% Fib of same up leg at 84.15. To the upside, nearest term resistance comes at recent session high 86.41, followed by April 03 highs at 86.77, and March 27 highs at 87.58.