OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/JPY tumbles to 4-month low

FXStreet (Córdoba) - AUD/JPY broke abelow 94.70 yesterday accelerating the decline and plummeted recently to 93.66, reaching the lowest price since May 22.

Risk aversion boosted the yen while weakened the aussie. The Australian currency is among majors, the worst perform on Friday.

AUD/JPY outlook

After trading days above 95.00, the break of the mentioned level, turned the outlook bearish for the pair. Currently is moving away from the lows and is attempting to hold above 94.00 but still seems under pressure.

The pair is about to post the lowest weekly close since March, extending the retreat from 16-months highs, that reached in August at 98.66. It the third weekly decline in a row for the aussie versus the yen.

Morgan Stanley: USD remains relatively resilient - eFXnews

The eFXnews team remark that Morgan Stanley sees the USD as very resilient in the light of the recent sharp drop in US yields.
Read more Previous

EUR/USD moves toward 1.2600

EUR/USD scored fresh daily lows during the New York session after a short-lived recovery attempt was capped by the former support area at 1.2650.
Read more Next
Start livechat