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AUD/JPY rises to 96.00, 3-day high

FXStreet (Córdoba) - The aussie rebonded at weekly lows versus the yen and jumped reaching the highest price in three days, supported by a decline of the Japanese currency and a recovery of AUD/USD.

AUD/JPY bottomed during the Asian session at 95.10, the lowest price in a month, slightly below Monday’s lows but then gained momentum and turned to the upside.

From 95.10 the pair rose initially to 95.80/85 and then during the American session broke above and climbed to 96.00. Near the end of trading in New York AUD/JPY trades near daily highs, holding upside momentum ahead of the Asian session. Important economic data will be released in the next hours in Japan (23:50 - Tankan survey) and Australia (01:30 GMT - retail sales).

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