USD/JPY briefly overcomes ¥158.00 6-month high while EUR/JPY, AUD/USD
USD/JPY briefly overcomes ¥158 6-month high while EUR/JPY, AUD/USD look bid amid weakening US dollar on targeted tariff reports.
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EUR/JPY advances further
EUR/JPY tries to reach the 200-day simple moving average (SMA) at ¥164.64 and the late December peak at ¥164.90.
Minor support below the ¥163.80 19 December high can be seen at Thursday's ¥163.31 high and along the 55-day SMA at ¥162.57. The medium-term uptrend will remain intact while the 18 December low at ¥159.82 underpins.
AUD/USD bounces off support
AUD/USD still bounces off last week's 2 1/4 year low, made at $0.6180, below which lies the October 2022 low at $0.6171. While this support area underpins, the current minor recovery movement may take the cross to its September-to-January downtrend line at $0.6299 and Monday's $0.6302 high. Above these lies the 11 December low at $0.6337.
Minor support can be found at the 30 December $0.6246 high.
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