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15 May 2015
AUD/JPY: Dropping to test psychological 96 handle
FXStreet (Guatemala) - AUD/JPY is currently trading at 96.16 with a high of 96.45 and a low of 95.96.
AUD/JPY slipped lower as the Aussie was punted in to touch and falling below the sideways channel's support at 0.8065. The major has been feeling the downside pressures of late as commodities have dropped away from recent rally.
The recent improvement in Japan’s external account surplus is encouraging USD/JPY selling which is also pressuring the cross while the Toll holdings news has been digested as well. Technically, the cross has dropped to S1 and below the pivot with 95.73 at the SMA 100 coming in as potential support of further slips to the downside through the 96 psychological support.
AUD/JPY slipped lower as the Aussie was punted in to touch and falling below the sideways channel's support at 0.8065. The major has been feeling the downside pressures of late as commodities have dropped away from recent rally.
The recent improvement in Japan’s external account surplus is encouraging USD/JPY selling which is also pressuring the cross while the Toll holdings news has been digested as well. Technically, the cross has dropped to S1 and below the pivot with 95.73 at the SMA 100 coming in as potential support of further slips to the downside through the 96 psychological support.