AUD/USD, EUR/JPY and USD/JPY slip as US traders return after Labor Day
AUD/USD, EUR/JPY and USD/JPY slip as US traders return after Labor Day and focus on US employment data.
AUD/USD drops
Last week AUD/USD reached the 10 May 2023 high at $0.6819 around which it stalled before tumbling to Friday's low at $0.6752 and below. Further potential support lies sits at the $0.6698 level, made up of the 4 June high and 22 August low.
Minor resistance can now be spotted around the 27 August low at $0.6762.
EUR/JPY bounce falters
EUR/JPY comes off Monday's ¥162.89 high which lies below the 200-day simple moving average (SMA) at ¥163.96. Minor support can be spotted at the ¥160.00 mark. Further minor support sits at the 12 August low at ¥159.83.
Downside pressure should be maintained while the 200-day SMA caps.
USD/JPY minor bounce falters
USD/JPY's move up from last week's low at ¥143.45 seems to have run out of steam at Tuesday's ¥147.21 high, provided that this level isn't overcome.
Support below ¥143.45 lies at the ¥141.70 early August low.
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