FXstreet.com (San Francisco) - AUD/JPY is trading at session highs this Tuesday in Asia on demand out of Tokyo and equity gains. The cross has rallied to as high as 82.61 where it stalled at the 21 EMA (4hr), last at 82.56, up 20 pips so far on the day. Japan 225 is up 0.8%, Australia’s S&P/ASX 200 is up 0.3%, Hang Sen 40 is up 0.8%, and S&P CNX Nift is up 0.5%. AUD/JPY resistance is noted at 82.73 (2 Aug peak), then 82.90 (17 April low). Support may be found at 81.90 (38.2%, 79.53/83.36 advance), then 81.67 (200 EMA, 4hr).
AUD/JPY May 25 at 13:58 GMT
97.57/58 (-0.22%)
H97.81 L 97.58
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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.
