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AUD/JPY: Consolidating Recent Gains

AUD

AUD/JPY has consolidated its post BOJ gains, dealing in narrow ranges in recent dealing.

  • In early dealing on Tuesday we last print at ¥95.55/60.
  • The uptrend remains firmly intact, bulls target the high from 20 Sep (¥96.02), a break through here opens the high from 5 July (¥96.83) and YTD highs (¥97.68).
  • On the downside bears look to break the 20-Day EMA (¥94.90). This opens the low from 5 Sep at ¥93.59 and the 200-Day EMA (¥93.00).
  • PPI from Japan for August is on the wires in ~30 minutes, a rise of 1.8% Y/Y is expected.

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