AUD/JPY extends its weekly gain, rising 3.71%. Sentiment improved on the session, despite the economic backdrop, with investors fearing a potential global economic downturn and food crisis. AUD/JPY Price Forecast: Consolidating in 94.00-40 range before pushing year high above 95.00. The AUD/JPY It is advancing strongly after hitting a daily low below 93.00, rising to […]
Tag: AUDJPY
AUD/JPY ranges between 82.00-83.00$
AUD/JPY oscillated between 82.00 lows and 83.00 lows on Tuesday, hit by safe-haven flows and rising global commodity prices. While the escalation of the Russia/Ukraine crisis will remain a key factor, Australian traders will also be keeping an eye on upcoming WPI data on Wednesday. The AUD/JPY has been choppy on Tuesday, hovering between lows […]
Exceed the weekly highs around 82.20, sellers take control
AUD/JPY break below 82.00 puts selling pressure on the pair. The weakened mood of market sentiment exacerbated the demand for the JPY as a safe haven. The AUD/JPY It falls for the second time in the week and from a technical perspective it is retracing from weekly highs around 82.27 to the 81.50 area. At […]
A failure near the 50-DMA pushed the pair below 82.00.
AUD/JPY advanced despite a risk-off mood in the FX complex, up 0.01%. AUD/JPY Technical Outlook: Bias to the downside as long as it remains below 82.60. On Wednesday, the Australian dollar offsets losses against the underperforming Japanese yen during the American session. At the time of writing, the AUD/JPY it trades at 81.77. Market sentiment […]
AUD/JPY pulls back then climbs above 81.00
AUD/JPY has rallied sharply from its post-RBA lows below the 81.00 level to trade at the 81.75 area. Attention now turns to RBA Governor Philip Lowe’s upcoming speech at 01:30 GMT on Wednesday. The AUD/JPY has rallied sharply from its post-RBA lows below the 81.00 level to trade at the 81.75 area, up roughly 0.5% […]
AUD/JPY falls towards 78.78, bears expect a close below 80.70
The Australian dollar fell against the Japanese yen, down 0.77%. Market sentiment has improved on the session, but in the forex market safe haven pairs are higher. AUD/JPY bears expect a weekly/Friday close below 80.70, which would increase the chances of a drop towards 78.78. On Friday, as the North American session progresses, the AUD/JPY […]
AUD / JPY falls below 83.00 again as risk assets see a modest technical correction, but the recent uptrend is likely intact.
AUD / USD has fallen below 83.00 as risk assets experience technical corrections more broadly and after encountering resistance at 83.50. But the pair may find decent buying interest on dips above its 50 and 100 DMAs which would bode well for the bulls. The AUD/JPY It has fallen from previous session highs near the […]
AUD / JPY targets the 81.00 level as the recovery continues, now rising more than 2.0% on the week
AUD / JPY continues its impressive winning streak on Tuesday’s week that has taken it from below 79.00 to close to 81.00. The pair was driven by a combination of aggressive RBA / risk appetite. The crossing AUD/JPY it continued its impressive rebound that began on Monday through the end of the US session on […]
The breakout of a bullish pennant opens the door for a retest of yearly highs around 86.25
-637734710899580898.png "The breakout of a bullish pennant opens the door for a retest of yearly highs around 86.25")
AUD / JPY is down for the second day in a row, despite market risk sentiment. On Thursday, the AUD / JPY remained subdued, with no clear direction. The AUD/JPY it falls during the day, down 0.15%, trading at 82.93 during the day at the time of writing. Despite tight liquidity conditions, market sentiment remains […]
AUD / JPY returns to bearish tone, aims to test 81.00 – DBS Bank
AUD / JPY’s 43.3% rally from the 60.00 levels in March 2020 appears to have lost its luster, and is likely to have stopped or ended at 85.80, says Benjamin Wong, strategist at DBS Banks. He explains that a bearish candlestick pattern on the month chart, and the prices treading under the daily Ichimoku cloud […]