AUD/JPY: Flashing marginal gains, 100-day MA is key support

  • AUD/JPY is attempting gains amid the uptick in the S&P 500 futures. 
  • Big gains may remain elusive on trade optimism and pessimism seesaw.

AUD/JPY is reporting marginal gains at press time, having defended key support for a third straight day on Thursday.

The currency pair is currently trading at 73.83, representing a 0.15% gain on the day.

The bid tone around the anti-risk Japanese Yen has likely weakened, possibly due to the uptick in the US index futures. Currently, the S&P 500 futures are adding 0.15% on the day.

China's commerce ministry on Thursday dismissed reports stating that the trade talks between the US and China are in trouble and reiterated that the world's second-largest economy will work with the US side on the basis of equality and mutual respect in addressing the core concerns.

Even so, the US equity markets dipped Thursday. For instance, the Dow Jones Industrial Average fell 0.20%. The risk sentiment, however, is looking to stabilize in Asia. The AUD/JPY pair may extend gains if the risk reset gathers pace.  

That said, investors may be wary of initiating bullish bets on stocks, courtesy of optimism and pessimism seesaw. Both sides have a history of mentioning the change of interim deal only to backtrack in the same sentence.

Therefore, big gains in AUD/JPY look unlikely - more so, due to the downbeat Aussie PMI released earlier today. The headline Manufacturing PMI came in above 49.8 forecasts to 49.9 but slipped beneath 50.1 prior while Services PMI declined to 49.5 versus 53.5 expected and 50.1 earlier.

Technical levels

The 100-day MA, currently at 73.59, has been restricting downside since Nov. 19. Therefore, a break below that level, if confirmed, could embolden sellers, leading to a quick drop to 73.00.


Today last price 73.84
Today Daily Change 0.14
Today Daily Change % 0.19
Today daily open 73.7
Daily SMA20 74.5
Daily SMA50 73.77
Daily SMA100 73.62
Daily SMA200 75.57
Previous Daily High 74.05
Previous Daily Low 73.49
Previous Weekly High 74.96
Previous Weekly Low 73.35
Previous Monthly High 75.3
Previous Monthly Low 71.73
Daily Fibonacci 38.2% 73.7
Daily Fibonacci 61.8% 73.84
Daily Pivot Point S1 73.44
Daily Pivot Point S2 73.18
Daily Pivot Point S3 72.87
Daily Pivot Point R1 74
Daily Pivot Point R2 74.31
Daily Pivot Point R3 74.57



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD rebounds after dismal US PMIs

EUR/USD is trading closer to 1.0850, rising in response to weak US PMIs, with the services one pointing to contraction. Earlier, German Manufacturing PMI beat estimates. 


GBP/USD advances to 1.2950 after US data

GBP/USD is trading around 1.2950, taking advantage of US weakness stemming from a downfall in Markit's Services PMI in the US. In Britain, the Manufacturing PMI exceeded estimates. 


Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Consolidation process underway

The Crypto board continues to be immersed in an emotional leg-breaking, consistently punishing the emotional state of the traders with its continuous changes of direction.

Read more

XAU/USD unstoppable, breaks to fresh 2020 highs, approaching $1650/oz

XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs) while breaking above a bull channel. Gold is printing fresh 2020 highs hitting $1646.64 per ounce on an intraday basis.  

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info