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AUD/JPY popping up to make new highs

FXStreet (Guatemala) - AUD/JPY is trading at 98.11, up 0.17% on the day, having posted a daily high at 98.22 and low at 97.91.

We have had the release of Australian data that came as Retails Sales 0.4% as expected and the trade balances -359m vs -1510m. We now await the BoJ coming up and concluding today. “A steady hand is assured and it is doubtful that Governor Kuroda will change his tune noticeably in the press conference at 4:30pm Syd/2:30pm Sing/HK, despite a poor run of data”, as Sean Callow, analyst at Westpac Banking Corporation ABN explains.

AUD/JPY near term levels

With spot trading at 98.11, we can see next resistance ahead at 98.25 (Daily Classic R1), 98.31 (Weekly Classic R3) and 98.56 (Daily Classic R2).
Support below can be found at 97.94.

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