EUR/JPY, USD/JPY fall amid hawkish BOJ comments as AUD/USD stabilizes
EUR/JPY, USD/JPY are topping out amid hawkish BOJ verbal intervention as AUD/USD stabilizes.
AUD/USD's tries to stem recent descent
AUD/USD made a near two-week low at $0.649 from which it is trying to recover. As long as it holds, the mid-February advance remains intact. Failure at $0.649 would put the 5 to 8 February lows at $0.6481 to $0.6469 on the map.
Immediate resistance sits at the $0.6525 mid-January high ahead of the more significant 200-day simple moving average (SMA) at $0.656.
EUR/JPY is topping out
EUR/JPY is seen swiftly coming off the ¥163.72 late November high and falling towards its ¥161.86 January high. Minor resistance now sits at Wednesday's ¥162.76 low and along the breached uptrend line at ¥163.05.
The medium-term uptrend will stay intact while the 13 February high at ¥161.63 and, more importantly, the 15 February low at ¥160.92, underpin.
USD/JPY slips to support at ¥149.54
USD/JPY is rapidly falling towards its mid-February ¥149.54 low. If it were to give way, the ¥148.89-80 support zone would be in play. Minor resistance sits at Tuesday's ¥149.54 low.
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