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AUD/JPY: Supported At 20-Day EMA

AUD

AUD/JPY was supported at the 20-Day EMA (¥94.13) in the NY session yesterday after falling ~1% from peak to trough as Yen benefited from softer core yields and equities.

  • The pair is stable in early dealing, last printing at ¥94.35/40.
  • Bear's immediate focus remains on the 20-Day EMA (¥94.13). A break through here opens the 200-Day EMA (¥92.68) and the post BOJ low from July (¥91.80).
  • On the upside bulls first target the high from 30 Aug (¥95.06), a break through here opens the high from 26 July (¥95.90) and YTD highs (¥97.68).

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