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Forex: AUD/JPY hits 5-year high and recedes

FXstreet.com (Córdoba) - The yen is among the worst performers in the FX space, as the Japanese currency extends its decline triggered by the BoJ easing measures announced last week aimed to fight deflation.

The Australian dollar took another step higher against the yen and reached its strongest level since November 2007 at 104.81 before finding resistance and pulling back. At time of writing, AUD/JPY is trading around 104.50, up 0.6% on Wednesday.

As for technical levels, if AUD/JPY manages to break above 104.80, next resistances could be found at 105.00 (psychological level) and 105.50 (Nov 8 2007 high). On the downside, supports are seen at 104.15 (20-hour SMA), 104.00 (psychological level) and 103.70 (intraday low).

Forex: EUR/NOK in session highs above 7.5000

The Norwegian krone is posting weekly lows against the single currency on Wednesday, pushing the pair to levels above the key resistance at 7.5000 after consumer prices in the Nordic economy rose 1.4% over...
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Forex Flash: Risk sentiments permeate markets, Fitch eyes Slovenia – Investec

The USD continued to sell off overnight, particularly against hard currencies like the Aussie Dollar and Gold, as risk sentiment continues to abound throughout markets, largely controlled by events in Asia, which is becoming somewhat of the norm in 2013. According to the Investec Research Team, “The pound will certainly be looking to take advantage of any sustained weakness in US dollars but there remains a popular view that GBP/USD is still exposed to a short-term reversal to 1.5240 in light of a continued sluggish performance in Sterling.”
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