AUD/JPY looks to refresh daily high near 85.30 amid risk-on sentiment


  • AUD/JPY edges higher in the Asian session.
  • Upbeat market mood keeps the aussie higher.
  • Yen delivers a non-performance on submissive economic outlook.

AUD/JPY price remains on the higher side while extending the previous day’s gain in the initial Asian session. The cross touched the intraday high at 85.11 before making the intraday low at 85.0.

At the time of writing, the AUD/JPY is trading at 85.09, up 0.06% for the day.

Upbeat US economic data fueled the market optimism on economic recovery. In addition to that, the Industrial Profits in China rose by 106% YoY in January-April, boosting the demand for commodities.

The growth prospects expected to result in higher commodity prices that led commodity-linked aussie zoomed higher.

Meanwhile, market sentiment was further boosted after the US and China cordially agreed on bilateral trade importance in the region. As per China’s Commerce Ministry, both sides exchanged views on issues of mutual concern in the latest development.

On the other hand, the Japanese yen is under selling pressure after dismal unemployment data which rose to 2.8% in April, above the market expectations at 2.7%. The policymakers warned of economic risk in their statements,  adding woes for the yen.

It should be worth mentioning that S&P Futures were trading higher at 4,215.38, up 0.35% indicating improved risk appetite.

As for now investors, look ahead for US Personal Consumption Expenditure data to gauge the market sentiment.

AUD/JPY Additional Levels
 

AUD/JPY

Overview
Today last price 85.08
Today Daily Change 0.03
Today Daily Change % 0.04
Today daily open 85.05
 
Trends
Daily SMA20 84.68
Daily SMA50 84.18
Daily SMA100 83.01
Daily SMA200 79.81
 
Levels
Previous Daily High 85.08
Previous Daily Low 84.34
Previous Weekly High 85.15
Previous Weekly Low 84.04
Previous Monthly High 85.01
Previous Monthly Low 83.04
Daily Fibonacci 38.2% 84.8
Daily Fibonacci 61.8% 84.62
Daily Pivot Point S1 84.56
Daily Pivot Point S2 84.08
Daily Pivot Point S3 83.82
Daily Pivot Point R1 85.31
Daily Pivot Point R2 85.57
Daily Pivot Point R3 86.05

 


 

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD bulls hang in there in slower pace Asia, Evergrande digested

EUR/USD is flat in a quiet Asian session following a turbulent start to the week. At the time of writing, EUR/USD is trading at 1.1728 between 1.1725 and 1.1731. Forex markets were quite contained given the scale of equity losses on the back of the Evergrande news. 

EUR/USD News

GBP/USD: Upside needs validation above 1.3670

GBP/USD takes a breather after the previous session’s heavy sell-off. The pair dropped below 1.3650 in a more than 100-pips movement. At the time of writing, GBP/USD is trading at 1.3660, up 0.03% for the day.

GBP/USD News

EUR/USD bulls hang in there in slower pace Asia, Evergrande digested

EUR/USD is flat in a quiet Asian session following a turbulent start to the week. At the time of writing, EUR/USD is trading at 1.1728 between 1.1725 and 1.1731. Forex markets were quite contained given the scale of equity losses on the back of the Evergrande news. 

EUR/USD News

Solana bulls panic selling could push SOL price sub -$100

Solana price makes new fourteen-day lows. Solana price has been on one wild ride since Friday. Major whipsaws in price action have generated uncertainty on both sides of the market. Bulls are likely trapped between $150 and $171.

Read more

The wrong question on Evergrande

The 3rd week of September keeps up with its negative seasonality as one of the worst weeks of the year amid surging fears of Fed taper and Evergrande.

Read more

Forex MAJORS

Cryptocurrencies

Signatures