AUD/USD, EUR/JPY and USD/JPY continue to look bid
AUD/USD continues to advance as Australia business mood rises to 17-month peak, while EUR/JPY and USD/JPY remain bid.
AUD/USD trades near 7-month high
AUD/USD is approaching the $0.6781 late December low with the previous major $0.6694-to-$0.6714 resistance area now, because of inverse polarity, acting as a support zone. Further minor support sits in the $0.6704 to $0.6698 area.
EUR/JPY side-lined below multi-decade highs
EUR/JPY remains range bound in low volatility trading below its ¥174.74 August 1992 peak.
Minor support sits at the 8 July ¥173.51 low with further potential support lying at the 24 June high at ¥171.44 and in the ¥170.29-to-¥170.14 region.
USD/JPY is trying to level out
USD/JPY is trying to stabilise and is seen heading back up to ¥161.95, a level last traded in December 1986, while en route to the ¥165.00 November 1986 high.
Below Monday's low at ¥160.26 lies the 24 June high at ¥159.93.
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