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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

​​​AUD/USD, EUR/JPY and USD/JPY slip as US traders return after Labor Day

​​​AUD/USD, EUR/JPY and USD/JPY slip as US traders return after Labor Day ​and focus on US employment data.​

Yen Source: Adobe images

​​​AUD/USD drops

​Last week AUD/USD reached the 10 May 2023 high at $0.6819 around which it stalled before tumbling to Friday's low at $0.6752 and below. Further potential support lies sits at the $0.6698 level, made up of the 4 June high and 22 August low.

​​Minor resistance can now be spotted around the 27 August low at $0.6762.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

​EUR/JPY bounce falters

EUR/JPY comes off Monday's ¥162.89 high which lies below the 200-day simple moving average (SMA) at ¥163.96. Minor support can be spotted at the ¥160.00 mark. Further minor support sits at the 12 August low at ¥159.83.

​Downside pressure should be maintained while the 200-day SMA caps.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

​USD/JPY minor bounce falters

​USD/JPY's move up from last week's low at ¥143.45 seems to have run out of steam at Tuesday's ¥147.21 high, provided that this level isn't overcome.

​Support below ¥143.45 lies at the ¥141.70 early August low.​​

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

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