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AUD/JPY rebounds sharply from 6-month lows

FXStreet (Córdoba) - AUD/JPY is having on Monday the best day in week after being able to recover. During the Asian session dropped to 92.84, hitting the lowest price since March 24 but then rebound sharply.

On American hours climbed to 94.29, reaching the strongest level since Friday’s European session. The pair pulled back afterwards but found support at 93.85. Currently trades at 94.08, up 0.65% so far and more than a hundred pips above daily low.

AUD/JPY technical levels

Resistance levels might lie at 94.30/35 (Oct 13 high) and above here at 94.60 and 94.90/95. To the downside, support levels might lie at 93.70 (intraday level) and 93.40.

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