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Forex pairs in this Article » AUD/JPY, AUD/USD, USD/JPY (Barcelona) - AUDJPY is back again pressing against recent fresh 4-year highs, in the immediately sub-95 area, since it first got to that point in Jan 17. The cross is last at 94.88, fresh session highs, bouncing from session lows at 94.17, mostly on the back of Yen weakness, though also helped by slightly Aussie strength.

Best NAB business confidence in Australia for last 4 months, recently released at level 3 jumping from previous level -9, helped AUDUSD to push higher above initial weekly price start and print fresh session highs at 1.0453, last at 1.0437, helping the AUDJPY cross also gain ground to the upside. But most of the move came from Yen shorts making USDJPY move to fresh session highs at 90.99, already into the positive for the week, helped with more dovish talks coming from Japanese officials.

Immediate resistance to the upside for AUDJPY shows at recent session/Monday's/Friday's highs 94.98/95.09, followed by Sept 14 2007 lows at 95.52, and April 09 2008 highs at 95.89. To the downside, closest support lies at Jan 20 highs 94.83, followed by Monday's NY session highs at 94.70, and Jan 21 highs at 94.50.
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