Forex: AUD/JPY capped below fresh 4-year highs around 95.00
FXstreet.com (Barcelona) - AUDJPY keeps creeping to the upside, mostly on Yen weakness, once USDJPY reversed yesterday afternoon in late Tokyo trading, adding already around +20% in gains since back by mid Oct last year, the cross bounced from its 200 weekly SMA around the 79.50 handle. Last at 94.79, off recent fresh 4-year highs at double so far 95.02, the cross is up +0.89% for the week.
With China GDP year on year in less than 2 hours at 02:00 GMT as most important risk event for the Asia-Pacific session, Nikkei index is higher by +2.28% for the day around the 10850 points, while oil broke above the $95 mark, printing fresh 4-month highs, a sign of currently risk appetite flooding markets, with SP500 right at late 2007 levels. AUDJPY reversed direction yesterday after printing a double weekly low around the 92.60 price zone.
Immediate resistance to the upside shows at recent session highs 95.02, followed by Feb 23 2007 highs at 95.94, and Jan 26 2007 highs at 96.45. To the downside, closest support lies at Monday's highs/recent session lows 94.65, followed by Friday's highs at 94.54, and Wednesday's highs/past Friday's lows at 93.86/77.
With China GDP year on year in less than 2 hours at 02:00 GMT as most important risk event for the Asia-Pacific session, Nikkei index is higher by +2.28% for the day around the 10850 points, while oil broke above the $95 mark, printing fresh 4-month highs, a sign of currently risk appetite flooding markets, with SP500 right at late 2007 levels. AUDJPY reversed direction yesterday after printing a double weekly low around the 92.60 price zone.
Immediate resistance to the upside shows at recent session highs 95.02, followed by Feb 23 2007 highs at 95.94, and Jan 26 2007 highs at 96.45. To the downside, closest support lies at Monday's highs/recent session lows 94.65, followed by Friday's highs at 94.54, and Wednesday's highs/past Friday's lows at 93.86/77.
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