Back
24 Sep 2014
AUD/JPY breaking lower, 96.00 in sight
FXStreet (Bali) - AUD/JPY keeps pressing lower as the Tokyo market gets underway after yesterday's public holidays, with the rate presently being paid at Y 96.10, breaking Tuesday's, paving the way for further losses in Asia.
Japanese Prime Minister Abe crossed the wires, saying that he wants to be careful about impact on local economies from recent yen weakening, comments that have resulted in some Yen buying, allowing AUD/JPY to maintain its heaviness.
Technically, the daily close below 96.40 critical support, coupled with the ongoing slide below Tuesday's low, suggests that further losses might be in store for the Aussie, which may find intraday support at the 96.00 round number ahead of 95.70.
Japanese Prime Minister Abe crossed the wires, saying that he wants to be careful about impact on local economies from recent yen weakening, comments that have resulted in some Yen buying, allowing AUD/JPY to maintain its heaviness.
Technically, the daily close below 96.40 critical support, coupled with the ongoing slide below Tuesday's low, suggests that further losses might be in store for the Aussie, which may find intraday support at the 96.00 round number ahead of 95.70.