USD/JPY briefly overcomes six-month high
USD/JPY briefly overcomes ¥158 six-month high while EUR/JPY, AUD/USD look bid amid weakening US dollar on targeted tariff reports.
USD/JPY flirts with ¥158 mark
USD/JPY briefly overcame its December ¥158.08 six-month high by rising to ¥158.41 on Tuesday. A rise above this level would engage the ¥160 region. Minor support below Thursday's ¥156.45 low can be spotted at the late December ¥156.03 low.
USD/JPY daily chart
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EUR/JPY advances further
EUR/JPY attempts to reach the 200-day simple moving average (SMA) at ¥164.64 and the late December peak at ¥164.90. Minor support below the ¥163.80, 19 December high can be seen at Thursday's ¥163.31 high and along the 55-day SMA at ¥162.57. The medium-term uptrend will remain intact while the 18 December low at ¥159.82 underpins.
EUR/JPY daily chart
AUD/USD bounces off support
AUD/USD continues to bounce off last week's two-and-a-quarter-year low, made at $0.6180, below which lies the October 2022 low at $0.6171. While this support area underpins, the current minor recovery movement may take the cross to its September-to-January downtrend line at $0.6299 and Monday's $0.6302 high. Above these lies the 11 December low at $0.6337. Minor support can be found at the 30 December $0.6246 high.
AUD/USD daily chart
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