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AUD/JPY making higher weekly highs

FXStreet (Guatemala) - AUD/JPY is trading at 96.92, up 0.09% on the day, having posted a daily high at 97.10 and low at 96.79.

AUD/JPY is taking advantage of the negative sentiment for the Yen and has opened at the highest level in over a year. We are seeing some yen weakness from hearing the Bank of Japan’s Governor Haruhiko Kuroda, who said the Central Bank may have to ease policy for 'some time' to slay deflation. We are not in for much action from Australia in relation to the calendar but Japan brings us key events towards the end of the week, including CPI.

AUD/JPY hourly levels

With spot trading at 96.94, we can see next resistance ahead at 97.00 (Daily Classic R1), 97.10 (Daily Open), 97.16 (Daily Classic R2) and 97.40 (Weekly Classic R1). Support below can be found at 96.84 and 96.79, 96.60, 96.45, 96.20 and 96.00.

EUR/JPY pressure coming from above

Currently, EUR/JPY is trading at 137.54, down -0.09% on the day, having posted a daily high at 137.69 and low at 137.41.
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