OctaFX | OctaFX Forex Broker
Open trading account

AUD/JPY pooping up onto 94 handle

FXStreet (Barcelona) - AUD/JPY is trading at 93.94, up 0.01% on the day, having posted a daily high at 94.19 and low at 93.56

AUD/JPY jumped on the release from China but it was the Industrial output by the National Bureau of Statistics of China that gave us the surprises and fuelled the surge in the AUD vs the Yen. The number came in at 8.0% vs 7.5% expected and was far greater than 6.9% last year for the month of September. GDP beat expectations as well, at 7.3% vs 7.2% expected year on year but that was lower than previous year at 7.5% year on year. Q/Q beat expectations also by 0.1% at 1.9%.

AUD/JPY noteworthy levels

With spot trading at 93.95, we can see next resistance ahead at 94.05 (Daily High), 94.24 (Yesterday's High), 94.33 (Daily Classic R2), 94.61 (Daily 200 SMA) and 94.74 (Weekly Classic R1). Support below can be found at 93.93 (Daily Open), 93.89 (Daily Classic R1), 93.89 (Daily Low), 93.89 (Hourly 200 SMA) and 93.88 (Hourly 20 EMA).

China’s surge in output smashes expectations

China reported a surge in output in the Industrial Production numbers.
Read more Previous

Asia Recap: News from China helps Aussie; JPY growing amid anti-risk sentiments

China made the day for Aussie bulls today as the report published earlier today showed that Chinese factory output increased more in September than analysts forecast (8.0% against expected 7.5%).
Read more Next
Start livechat