OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: AUD/JPY shoots to fresh 57-month highs above 103.5

FXstreet.com (Barcelona) - Yen has resumed weakening Monday across the board and against Aussie was not an exception, printing yet again fresh highs at 103.58, the highest since July 2008, pre-Lehman crisis levels. The cross is trading last at 103.56, a +2.25% higher for the week so far.

AUD/JPY has gained in last 3 days since latest BoJ meeting a solid +6.47%, with volatility on the rise again, averaging 144 pips per day for last 14 trading days, near previous 1.5-year volatility highs back in mid March around the 146 pips. Most of the move comes in the back of Yen weakness, though AUD/USD is also slightly higher for the week so far, ahead of AU NAB business confidence and China CPI both at 01:30 GMT.

Immediate resistance to the upside for AUD/JPY shows at early July 2007 lows 103.73, followed by late Oct 2007 lows at 104.27 and July 2008 highs at 104.47. To the downside, closest support lies at London session highs 102.83, followed by yesterday's Asian session highs at 102.38, and Friday's highs at 101.73.

Forex: Euro remains firm and consolidates above the 1.3000

After its fourth day of gains and 290 pips from the Friday's bottom, the EUR/USD rose to trade above the 1.3000 key level and reach a fresh 2-week highs at 1.3035. Currently the pair is trading in consolidation mode just above the 1.3000.
Read more Previous

Forex: EUR/JPY targeting 130.5 - 2ndSkiesForex

EUR/JPY has kept printing higher highs this week and trades last at 129.51, off fresh 3-year highs at 129.61, mostly on the back of Yen weakness, being the weakest currency among all majors for last trading days. The cross is up +2.2% for the week so far, adding a +8.7% gain since BoJ Kuroda delivered past Thursday.
Read more Next
Start livechat