Forex: AUD/JPY still capped below 95.00

FXstreet.com (Barcelona) - Once again since Jan 17 AUDJPY has slowed the rise around the 95 figure, this time moving higher helped on Aussie strength, with this pair stalling at the fresh weekly highs AUDUSD 1.0477, as FXWW founder says: "having a hard time working through sizeable hedge fund sell orders." The cross is back to flat for the week, less than 10 pips higher, off weekly lows on Monday at 94.09.

USDJPY though has been pretty much unchanged since previous Asia-Pacific open yesterday, last at 90.75, a -0.33% lower for the week, bouncing from weekly lows at 90.33 in late London session, and off fresh 30-month highs printed early Monday at 91.25. Very quiet economic agenda for the Asian session today, with focus starting to shift to later on FOMC statement, and SP500 up +0.51% for the day, closing at its highest in 5 years, despite worse US CB consumer confidence in 1 year.

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 yesterday's lows 94.39, followed by Monday's/Jan 18 lows at 94.18/10, and Jan 21 lows at 93.92.