Forex: AUD/JPY in BoJ hands; holding above 94.00

FXstreet.com (Barcelona) - Moments ahead of the BoJ meeting's new monetary policy measures are released, most critical risk event for the current Asia-Pacific session, AUDJPY is currently at 94.28, about flat for the session being, but with some volatility both sides specially from Yen side, moving in between 94.50 highs, and 94.08 lows. Starting in 30 minutes, BoJ release is expected any time soon, though most probably is will be later than 03:30 GMT.

The cross is down -0.42% for the week so far, while Nikkei index is trading above the 10700 points mark, up +0.28% for the day so far. AUDJPY is currently having its third day in the red, something did not happen since early November, before general elections were called for Japan. RSI 14 readings in the daily chart start showing bearish divergences since last week, following a first touch of the 80 mark.

Immediate resistance to the upside for AUDJPY shows at Monday's highs 94.83, followed by Friday/Thursday's fresh 4-year highs at 95.02, and Dec 2007 lows at 95.20. To the downside, nearest term support lies at recent session/Friday's lows 94.14/06, followed by yesterday's lows/Jan 16 highs at 93.92/89, and Jan 17 Asian session highs at 93.64.