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AUD/JPY bulls eyeing the 100.00 mark

FXStreet (Guatemala) - AUD/JPY is trading at 98.87, up 0.26% on the day, having posted a daily high at 99.32 and low at 98.49.

AUD/JPY may improve further on a continued flow of liquidity on improved market risk sentiment and a stringer dollar. Not to mention the BoJ’s recent action and dovish rhetoric in respect of its easing policy and QE programme, picking up the baton of the Fed leading investors towards foreign assets.

Equally, global liquidity has been driving AUS/USD and the cross should benefit from this correlation also. No doubt, bulls have the 100 in their sights through a period of consolidation here.

AUD/JPY noteworthy levels

Current price is 98.89, with resistance ahead at 98.99 (Daily Classic R1), 99.32, (Annual High), 100.00 and 100.20. Next support to the downside can be found at 98.86 (Hourly 100 SMA), 98.85 (Hourly 20 EMA), 98.63 (Daily Open), 98.50 and 98.10.

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