EUR/JPY, USD/JPY resume ascent while AUD/USD tops out
EUR/JPY, USD/JPY resume ascent while AUD/USD tops out amid US dollar strength due to US tariff threats.
EUR/JPY points upwards
EUR/JPY is seen heading back up towards the October-to-January resistance line at ¥164, which capped last week. It and the 200-day simple moving average (SMA) at ¥164.46 remain in sight while Monday's low at ¥161.54 underpins (on a daily chart closing basis).
EUR/JPY daily chart
USD/JPY rises
USD/JPY bounces off Monday's ¥153.72 low while targeting the ¥160 region. First, the November peak at ¥156.74 and the ¥158 region will need to be overcome.
Potential support is seen along the 55-day SMA and at last week's low at ¥154.96 to ¥154.78.
Below ¥153.72 meanders the 200-day SMA at ¥152.81.
USD/JPY daily chart
AUD/USD keel over
AUD/USD's advance ran out of steam below the 55-day SMA at $0.6328 and is sliding back towards the $0.6200 region.
Were last week's high at $0.6330 to be overcome, however, a medium-term bullish trend reversal would likely be in the making.
AUD/USD daily chart
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