Quantcast

AUD/JPY buyers show up above 87.00 again

FXstreet.com (Barcelona) – The AUD/JPY foreign exchange cross rate is last trading at 87.32 bids, off recent daily highs at 87.51, few minutes before Japan retail sales data at 23:50 GMT expected to come around 0.0%, down from previous figures.

AUD/JPY finds solid technical support

According to FXWW founder Sean Lee there is “Solid technical support at 86.25/40” in AUD/JPY, with “Lot of buyers suddenly appearing in AUD/USD near .8900.” Lee thinks “USD/JPY still in wedge consolidation but topside danger,” adding: “I’ve taken a small long position here just below 87.00. I got stopped out of my AUD/USD earlier at .8908 …read more