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16 Aug 2013
AUD/JPY vulnerable at the 89.00 region
FXstreet.com (New York) - The AUD/JPY technical cross has been clinging to the 89.00 region during Asian trading Friday morning, unable to effectively reverse its fortunes after yesterdays staunch decline.
AUD/JPY technical levels
Presently, the AUD/JPY is now turning lower again, having moved to 88.96 after trading as low as 88.83 (daily low) earlier. At this juncture, the cross is incurring a fall of -0.09% off its opening and remains fortified by supports at 88.81 (August 15 low), ahead of 88.72 (August 9 high), and 88.53 (August 5 high).
AUD/JPY event risk
The datawires are looking extremely limited this morning, with no notable economic data or indicators being reported out of either Japan or Australia. The lone topic of note is the RBA Assist Gov Debelle Speech at 01:30 GMT.
AUD/JPY technical levels
Presently, the AUD/JPY is now turning lower again, having moved to 88.96 after trading as low as 88.83 (daily low) earlier. At this juncture, the cross is incurring a fall of -0.09% off its opening and remains fortified by supports at 88.81 (August 15 low), ahead of 88.72 (August 9 high), and 88.53 (August 5 high).
AUD/JPY event risk
The datawires are looking extremely limited this morning, with no notable economic data or indicators being reported out of either Japan or Australia. The lone topic of note is the RBA Assist Gov Debelle Speech at 01:30 GMT.