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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

As AUD/USD slips, EUR/JPY and USD/JPY rally further still

​​​​As AUD/USD slips, EUR/JPY and USD/JPY rally further still amid Japan and Europe, US interest rate differentials and carry trades.

Australian Dollar Source: Getty Images

​​​AUD/USD stays side-lined

AUD/USD remains capped by the major $0.6698-to-$0.6714 resistance zone while staying above Friday's low at $0.6620. Below it meanders the 55-day simple moving average (SMA) at $0.6606 which may offer short-term support.

AUD/USD chart Source: TradingView
AUD/USD chart Source: TradingView

​EUR/JPY trades in multi-decade high

​So far, EUR/JPY has risen to ¥173.67 with the ¥174.74 August 1992 peak remaining in view.

​Minor support can be found at the 24 June high at ¥171.44 and in the ¥170.29-to-¥170.14 region.

EUR/JPY chart Source: TradingView
EUR/JPY chart Source: TradingView

​USD/JPY trades in 37 1/2 year high

USD/JPY has so far risen to ¥161.74, a level last seen in December 1986, while en route to the ¥165.00 November 1986 high.

​Minor support sits at the ¥159.93 24 June high.

USD/JPY chart Source: TradingView
USD/JPY chart Source: TradingView

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. See full non-independent research disclaimer and quarterly summary.

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