AUD/USD, EUR/JPY and USD/JPY continue to look bid
AUD/USD continues to advance as Australia business mood rises to 17-month peak, while EUR/JPY and USD/JPY remain bid.
AUD/USD trades near 7-month high
AUD/USD is approaching the $0.6781 late December low with the previous major $0.6694-to-$0.6714 resistance area now, because of inverse polarity, acting as a support zone. Further minor support sits in the $0.6704 to $0.6698 area.
EUR/JPY side-lined below multi-decade highs
EUR/JPY remains range bound in low volatility trading below its ¥174.74 August 1992 peak.
Minor support sits at the 8 July ¥173.51 low with further potential support lying at the 24 June high at ¥171.44 and in the ¥170.29-to-¥170.14 region.
USD/JPY is trying to level out
USD/JPY is trying to stabilise and is seen heading back up to ¥161.95, a level last traded in December 1986, while en route to the ¥165.00 November 1986 high.
Below Monday's low at ¥160.26 lies the 24 June high at ¥159.93.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
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
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
