EUR/JPY, USD/JPY little changed post Japan inflation print, AUD/USD recovers
EUR/JPY, USD/JPY little changed as Japan headline inflation remains above 2% target, AUD/USD recovers.
EUR/JPY flattens out
EUR/JPY hit the ¥163.72 late-November high but has so far been capped by it.
The accelerated uptrend line at ¥162.87 should offer support, together with Monday's ¥162.57 low.
Medium-term upside pressure should remain in play while the 13 February high at ¥161.63 and, more importantly, the 15 February low at ¥160.92, underpin.
USD/JPY range bound but bullish while above ¥149.54
USD/JPY still trades in low volatility above the minor psychological ¥150.00 mark, having on Friday come close to its four-month high at ¥150.88.
Above it the October-to-November record highs remain on the scene at ¥150.91 to ¥150.94.
Only if the mid-February ¥149.54 low were to give way, would the ¥148.89 to ¥148.80 support zone be back in sight.
AUD/USD's slip tries to find support
AUD/USD slid back below the 200-day simple moving average (SMA) at $0.6561 and dropped to its $0.6526 mid-January low which acted as support.
Below it lies the mid-February low at $0.6495. As long as it doesn't give way, the mid-February advance remains intact.
The $0.6610 to $0.6631 late-January to early-February highs and 55-day SMA aren't expected to be reached in the next few days, though.
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