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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.

EUR/JPY, USD/JPY continue to rise while AUD/USD trades in 13-month lows

​​​EUR/JPY, USD/JPY continue to rise while AUD/USD trades in 13-month lows​ ahead of Fed and BoJ rate meetings.​

Dollar Source: Adobe images

​​​EUR/JPY advances further still

EUR/USD has reached the 55-day simple moving average (SMA) at ¥162.47 as expected. Next up is the ¥163.60-to-¥163.89 resistance area.

​Wednesday's high at ¥160.70 offers minor support.

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

​USD/JPY still advances

USD/JPY is on track for its seventh straight day of gains and nears the 7 November ¥154.71 high.

​Support is seen along the 200-day SMA at ¥152.09. Further down lies the 4 December high at ¥151.23.

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

​AUD/USD trades in 13-month lows

AUD/USD trades close to its 13-month low at $0.6337. Below it the October 2023 low can be found at $0.6271.

Minor resistance above Thursday's $0.6429 high is seen along the October-to-December downtrend line at $0.6435. 

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

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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