Australia 1Q House Price Index (QoQ) falls to 0.1% vs 2%
May 7, 2013
Forex: AUD/JPY closes lower as resistance at 102.50 continues to hold firm
The AUD/JPY finished the session down 43 pips at 101.82. The pair has encountered firm resistance at 102.50 on numerous occasions which is the upper end of the recent trading range. All eyes will be on the economic data due out of Australia later this evening, including House Price Index, Trade Balance (both at 1:30GMT) and finally the RBA Rate Decision(4:30GMT).