EUR/JPY, USD/JPY slip amid higher Japan inflation while AUD/USD recovers further
EUR/JPY, USD/JPY slip amid higher Japan inflation increasing the likelihood of a BoJ rate hike while AUD/USD recovers further.
EUR/JPY drops further still
EUR/JPY's tumble has taken it close to the late September low at ¥158.11 which may offer support. If not, the 12 September high at ¥157.71 may be reached next.
Resistance can still be found between the 19 November low and the 55-day simple moving average (SMA) at ¥161.49-to-¥162.45.
USD/JPY slips further still
USD/JPY slip through the 200-day SMA at ¥151.95 neutralised our medium-term forecast. The 55-day SMA at ¥149.91 offers short-term support. Below it the ¥149.40 mid-August high may do so as well.
Minor resistance above Wednesday's ¥150.46 low can be seen along the 200-day SMA at ¥151.95.
AUD/USD recovers from support
AUD/USD still recovers from its November low at $0.6435 with the September-to-November downtrend line and Monday's high at $0.6546-49 in sight. Minor support sits at Friday's $0.6472 low.
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