EUR/JPY, USD/JPY continue to advance while AUD/USD stalls
EUR/JPY, USD/JPY continue to advance while AUD/USD stalls amid rising yields and a stronger US dollar.
EUR/JPY continues to rise
EUR/JPY has so far risen to ¥170.79, above which still beckons the ¥171.58 April peak.
The cross remains immediately bullish while trading above Thursday's ¥169.30 low.
AUD/USD fails to overcome resistance
On Tuesday AUD/USD failed to break through its $0.6644 to $0.6667 resistance area on a daily New York closing basis and reach its current May peak at $0.6714. Instead it gave back recent gains and now looks to be short term under pressure.
Minor support below $0.6644 is seen at the $0.6629 mid-May high.
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