OctaFX | OctaFX Forex Broker
Open trading account

AUD/JPY rises as markets witness relief rally

FXStreet (Mumbai) - The AUD/JPY pair turned higher on Friday as the financial markets witnessed a relief rally after suffering from the risk aversion for major part of the week.

Eyes 85.00 amid rising stocks

The pair currently trades around 84.70 levels after having clocked a low of 82.99 in the previous session. The European stocks spiked today after Fed’s Yellen talked up rate hike expectations on Thursday.

Consequently, the drop in the commodities came to a halt, ensuring the Aussie remained flat today.
Meanwhile, Yellen’s comments triggered a wave of selling the JPY. Consequently, the AUD/JPY cross is moving fast towards 85.00 handle.

AUD/JPY Technical Levels

The immediate resistance is located at 85.00, above which gains could be extended to 86.38 (weekly high). On the other side, support is located on the hourly chart at 84.50 and 84.13 (hourly 50-MA).

Eurozone: Markets focus on Catalonia elections on Sunday - Deutsche Bank

Research Team at Deutsche Bank, note that the event which will be worth keeping an eye on this Sunday will be the election in Catalonia.
Read more Previous

EURUSD: ECB”s disappointing fifth TLTRO - Rabobank

Research Team at Rabobank, note that the take-up in the fifth ECB-TLTRO was disappointing with banks being allotted EUR15.5bn, well below our own forecast range (EUR30-50bn), which itself was relatively modest compared to the consensus.
Read more Next
Start livechat