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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.

​USD/JPY trades in 34-year highs while EUR/JPY rises and AUD/USD stabilizes

​​​Yen continues to depreciate despite Japan manufacturing PMI hitting an 11-month peak.​

USD/JPY Source: Getty Images

AUD/USD bounces off 5-month low

AUD/USD bounces off Friday's $0.6363 low but so far has only briefly risen above Thursday's $0.6456 high, above which sits the $0.6493-99 minor resistance area.

Support below Monday's intraday low at $0.6412 comes in around the 78.6% Fibonacci retracement of the October-to-December advance and Tuesday's low at $0.64 to $0.639. Further down sits Friday's low at $0.6363.

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

EUR/JPY pushes higher still

EUR/JPY remains on track to reach the ¥165.17 to ¥165.35 resistance area, made up of the March and current April highs.

Minor support remains to be seen at the ¥164.48 late-March high. The bullish outlook will remain in play valid while ¥163.03 underpins.

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

USD/JPY hits January 1990 levels

USD/JPY has so far risen to ¥154.85, a level last traded in January 1990, and close to the ¥155.00 mark around which the Bank of Japan (BoJ) may intervene.

Upside pressure will remain in play while Friday's low at ¥153.60 underpins. Were this level to give way, though, the 12 April low at ¥152.60 and the ¥151.97-91 area might be back in play.

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

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