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28 Jan 2015
AUD/JPY bears capping bullishness around Aussie CPI
FXStreet (Guatemala) - AUD/JPY is currently trading at 93.77 with a high of 94.63 and a low of 93.20.
AUD/JPY is given back over 60% of its gains since the CPI data from Australia overnight. The CPI data, although a near miss on the headline, was higher in the core Q/Q and beat the consensus by 0.2%. This was enough to send the Aussie almost a cent higher vs the greenback on a spike and this bullishness ricocheted across the crosses.
AUD/JPY is tracking the flows through the Aussie, with a Yen that is otherwise stable in the top end of the 117 handle still while finding offers at 118.25. The cross remains within a strong bearish trend below 95.65 with resistance at 94.62 and 95.00. 92.16, the Jan 25th lows protect the 92 handle and the 15th Oct low at 91.76. Bears looking at the longer term charts will home in on the 16th March 2014 lows for the psychological 91.00 level.
AUD/JPY is given back over 60% of its gains since the CPI data from Australia overnight. The CPI data, although a near miss on the headline, was higher in the core Q/Q and beat the consensus by 0.2%. This was enough to send the Aussie almost a cent higher vs the greenback on a spike and this bullishness ricocheted across the crosses.
AUD/JPY is tracking the flows through the Aussie, with a Yen that is otherwise stable in the top end of the 117 handle still while finding offers at 118.25. The cross remains within a strong bearish trend below 95.65 with resistance at 94.62 and 95.00. 92.16, the Jan 25th lows protect the 92 handle and the 15th Oct low at 91.76. Bears looking at the longer term charts will home in on the 16th March 2014 lows for the psychological 91.00 level.