AUD/USD surges ahead while EUR/JPY and USD/JPY stabilize
AUD/USD surges ahead post hawkish RBA minutes while EUR/JPY and USD/JPY stabilize.
EUR/JPY recovers
EUR/JPY is once again heading up towards the 200-day simple moving average (SMA) at ¥164.04 while the ¥160.00 region underpins. Further minor support is seen at the 12 August low at ¥159.83.
Downside pressure should be maintained while the 200-day SMA caps, though.
USD/JPY finds support
USD/JPY sharp drop from its ¥161.95 early July high to its ¥141.70 early August low has been followed by a bounce to last week's high at ¥149.40. From there it slipped to ¥145.20 from where it is currently trying to recover towards the ¥148.00 region.
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