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16 Jan 2015
AUD/JPY pressures mounting with current favouritism for Yen
FXStreet (Guatemala) - AUD/JPY is currently trading at 95.66 with high of 95.79 and a low of 94.98 and up 0.01% on the day.
AUD/JPY is bid in Asia and recouping some lost ground to the risk aversion play that benefitted the Yen across the board overnight. The SNB was the event that took the markets by surprise and provoked unprecedented selling in the CHF crosses that saw investors pile into the Yen with equities and futures down and risk to EM's being the catalyst for that.
The Aussie's jobs data of yesterday was subsequently put to the side, but now the dust has started to settle, this comes back to the foreground and allows the Aussie some room to breath again. Technically, 95.00 is the psychological level that has supported the heavy downward moves so far, but pressures are mounting below the pivot and the neutral grounds of the EMA 20 95.52.
AUD/JPY is bid in Asia and recouping some lost ground to the risk aversion play that benefitted the Yen across the board overnight. The SNB was the event that took the markets by surprise and provoked unprecedented selling in the CHF crosses that saw investors pile into the Yen with equities and futures down and risk to EM's being the catalyst for that.
The Aussie's jobs data of yesterday was subsequently put to the side, but now the dust has started to settle, this comes back to the foreground and allows the Aussie some room to breath again. Technically, 95.00 is the psychological level that has supported the heavy downward moves so far, but pressures are mounting below the pivot and the neutral grounds of the EMA 20 95.52.