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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.

Yen weakness continues with EUR/JPY, USD/JPY grinding higher while AUD/USD stalls

​​​​Yen weakness continues with EUR/JPY, USD/JPY nearing their early June highs while AUD/USD stalls within a resistance zone.

JPY Source: Getty Images

​​​EUR/JPY grinds higher

EUR/JPY grinds higher towards its 6 to mid-June highs at ¥170.13-to-¥170.29. Further up lies the 3 June high at ¥170.89.

​Minor support can be spotted at the ¥169.07 late-May low.

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

​USD/JPY nears its six-week high

​Last week USD/JPY rose to a six-week high at ¥158.25 which is about to be reached. Above this level sits the April peak at ¥160.21.

​Minor support can be seen at the ¥157.70 late-May high and Tuesday's ¥157.40 high.

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

​AUD/USD loses upside momentum

AUD/USD nears major resistance at $0.6698-to-$0.6714 which is expected to again cap.

Only failure at $0.6577 would engage the 8 May low at $0.6558.

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

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