USD/JPY briefly overcomes ¥158.00 6-month high while EUR/JPY, AUD/USD
USD/JPY briefly overcomes ¥158 6-month high while EUR/JPY, AUD/USD look bid amid weakening US dollar on targeted tariff reports.
.png/jcr:content/renditions/original-size.webp)
EUR/JPY advances further
EUR/JPY tries 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.
AUD/USD bounces off support
AUD/USD still bounces off last week's 2 1/4 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.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
