Forex: AUD/JPY so far unable to break above 86.50

FXstreet.com (Barcelona) - AUDJPY has been threatening on the upper end of current 10 days trading range, last at 86.39, off recent fresh session highs at 86.48, when USDJPY broke to the upside printing fresh weekly highs at 82.64, but also retracing from there at this moment. AUDUSD is retracing as well from fresh session highs at 1.0482 post better than expected Aussie jobs data, last at 1.0466.

The cross is higher by +0.5% for the week, while Nikkei index is also higher today by +0.86% above the 9500 points mark, near fresh 7-month highs, while local share markets are mixed, following yesterday's surge in Chinese markets. According to FXWW founder Sean Lee: "Interbank market reports more corporate sellordersat 82.60/65 (USDJPY), just above the current market. Not much happening elsewhere with dealers reporting a distinct lack of interest. Likely to stay that way until Europe opens," Sean concludes.

Immediate resistance to the upside for AUDJPY shows at recent session/fresh 7-month highs 86.48, followed by April 02 highs at 86.77, and March 27 highs at 87.58. To the downside, closest support lies at previous weekly highs, Nov27/Nov 30/yesterday's 86.25, followed by Tuesday's highs at 85.93, and Tuesday's lows at 85.33.