FXstreet.com (San Francisco) - The Japanese yen has weakened slightly against its major trading counterparts during this low volatility Asian session. The move comes after Asian shares are seen edging higher this afternoon. Japan's Nikkei average is currently quoted up 24.44 points, or 0.3 percent at 8957.50. Australian shares are up 25.22 points, or 0.6% at 4497.60. Reuters is reporting the MSCI index of Asia-Pacific shares outside Japan as recently up 0.2% after recording its largest weekly decline in two months. In FX, EUR/JPY is back trading above the 103.00 figure and above 50% Fibonacci retracement support at 102.75, but still carries downside risks; AUD/JPY jumped slightly to its intraday high above the 82.60 mark, now capped by the 50-hr EMA; USD/JPY is still limited below the 79.75 resistance area.
AUD/JPY May 22 at 17:05 GMT
100.45/46 (-0.03%)
H100.98 L 100.11
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
