16 Dec 2013
AUD/JPY remains near December lows
FXstreet.com (Córdoba) - The AUD/JPY holds below 93.00 and closely to the 92.00 mark after staring the week on a quiet note.
Calm start despite Tankan
Currently the pair is trading around 92.30, 15 pips below Friday's closing price and near Monday's lows. Recent economic data from Japan, where the Tankan report showed an improvement in the survey but not above expectations had little impact on the Yen and the Australian Dollar.
At the beginning of the Asian session AUD/JPY rose to 92.55 but pulled back later to 92.25 (daily low).
¿Another rebound from 91.80 for the AUD/JPY?
Two weeks ago the AUD/JPY fell from 94.00 to 91.80 and rebounded strongly. Last week the price reached levels on top of 94.00 but on Wednesday started to decline, following RBA's Stevens comments about the AUD/USD, and bottomed at 91.80. Since then the pair moved slightly away from the lows and still remains near December lows. If the AUD/JPY rises above 93.00 it could point once again toward the 94.00 level.
Calm start despite Tankan
Currently the pair is trading around 92.30, 15 pips below Friday's closing price and near Monday's lows. Recent economic data from Japan, where the Tankan report showed an improvement in the survey but not above expectations had little impact on the Yen and the Australian Dollar.
At the beginning of the Asian session AUD/JPY rose to 92.55 but pulled back later to 92.25 (daily low).
¿Another rebound from 91.80 for the AUD/JPY?
Two weeks ago the AUD/JPY fell from 94.00 to 91.80 and rebounded strongly. Last week the price reached levels on top of 94.00 but on Wednesday started to decline, following RBA's Stevens comments about the AUD/USD, and bottomed at 91.80. Since then the pair moved slightly away from the lows and still remains near December lows. If the AUD/JPY rises above 93.00 it could point once again toward the 94.00 level.