EUR/JPY, USD/JPY and AUD/USD rise as RBA leaves rates on hold
EUR/JPY, USD/JPY and AUD/USD rise as RBA leaves rates on hold for fifth time.
EUR/JPY gradually rises
Friday's EUR/JPY fall through the ¥168.31 Monday and Tuesday lows took it to ¥167.53 before recovering. While this level underpins, further sideways trading above this level remains at hand.
Below ¥167.53 lies the mid-May low at ¥167.34.
USD/JPY nears its six-week high
Last week USD/JPY rose to a six-week high at ¥158.25 which remains in sight. On the way up minor resistance can be seen at the May peak at ¥157.98. Above this level and ¥158.25 beckons the April peak at ¥160.21.
Minor support can be found at the ¥157.70 late-May high and Tuesday's ¥157.40 high.
AUD/USD bounces off support
AUD/USD found support above the 55-day simple moving average (SMA) and 10 June low at $0.6583 to $0.6577. While it holds, the $0.6667 March peak may be revisited.
Only failure at $0.6577 would engage the 8 May low at $0.6558.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
