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Forex pairs in this Article » AUD/JPY (Barcelona) - AUDJPY is holding so far pretty well around fresh 4-year highs area right underneath the 95 round level, last at 94.97, off session highs at 95.03, on the back of Yen weakness, and Aussie strength, though with the latter mostly flat, given markets closed in Australia over holiday. The cross is higher by +0.27% from previous weekly close Friday.

Nikkei index opened higher up +0.65% around the 11k points round mark, just to ease since then, last around the 10880 points, lower by -0.43% for the week, following the +2.88% gain the index got at the Friday close. Continuing comments from Abe's new cabinet members making dovish statements for the Yen keep putting pressure to the upside on JPY crosses, which already show extreme overbought readings in oscillators. RSI 14 in its weekly chart shows a record reading highest since July 2007.

Immediate resistance to the upside for AUDJPY shows at recent session/Friday's/Jan 18 highs 95.03/10, followed by April 08 2008 highs at 95.68, and April 09 2008 highs at 95.89. To the downside, nearest term support lies at recent session lows/Jan 14 highs 94.65, followed by Jan 11 highs at 94.54, and Jan 18 lows at 94.15.
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