AUD/USD recovers from near five-year low as EUR/JPY, USD/JPY stabilise
AUD/USD recovers from near five-year low as EUR/JPY, USD/JPY stabilise amid President Trump's 30-day Canada and Mexico tariff delay
EUR/JPY bounces back
EUR/JPY's tumble to a near two-month low took it to ¥157.97 on Monday before recovering. Below this level, minor support can be found around the ¥156.18 December low.
Minor resistance sits at the ¥160.90 early January low.
EUR/JPY daily chart
USD/JPY rises gingerly
USD/JPY continues to recover from its late January low of ¥153.72 and once more trades above its 55-day simple moving average (SMA) at ¥154.94, with Monday's high of ¥155.88 and the late December low at ¥156.02 representing possible upside targets.
Support remains at the late January low of ¥153.72. If this level is breached, the 200-day SMA at ¥152.77 may be reached next.
USD/JPY daily chart
AUD/USD fights back
AUD/USD has fallen to levels last seen in April 2020, reaching $0.6088 on Monday. Below this, the minor psychological support zone at $0.6000 lies in wait.
Resistance at Friday's high of $0.6237 is currently being tested.
AUD/USD daily chart
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