EUR/JPY, USD/JPY and AUD/USD rise as RBA leaves rates on hold
EUR/JPY, USD/JPY and AUD/USD rise as RBA leaves rates on hold for fifth time.
EUR/JPY gradually rises
Friday's EUR/JPY fall through the ¥168.31 Monday and Tuesday lows took it to ¥167.53 before recovering. While this level underpins, further sideways trading above this level remains at hand.
Below ¥167.53 lies the mid-May low at ¥167.34.
USD/JPY nears its six-week high
Last week USD/JPY rose to a six-week high at ¥158.25 which remains in sight. On the way up minor resistance can be seen at the May peak at ¥157.98. Above this level and ¥158.25 beckons the April peak at ¥160.21.
Minor support can be found at the ¥157.70 late-May high and Tuesday's ¥157.40 high.
AUD/USD bounces off support
AUD/USD found support above the 55-day simple moving average (SMA) and 10 June low at $0.6583 to $0.6577. While it holds, the $0.6667 March peak may be revisited.
Only failure at $0.6577 would engage the 8 May low at $0.6558.
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