Forex: AUD/JPY capped below 87.00

FXstreet.com (San Francisco) - AUDJPY touched fresh nine-month highs as it traded a tight range between 86.80 and 87.00 in Asia, buoyed by positive sentiment from regional equities markets and on optimism of a deal from the fiscal cliff talks on Capitol Hill. Spot currently sits just below the figure, last at 86.95, after extending to prices not seen since March 28. Resistance levels lie at 87.55 (Mar 27 high), 88.00 (Mar 2 high) and 88.65 (Mar 19 high), while support levels lie at 86.40 (Nov 26 high) then at 86.10 (Aug 1, 2011 high).