The bid tone around the Japanese Yen strengthened in Asia on heightened geopolitical tension, pushing the AUD/JPY to a session low of 81.99 levels.
Trades around 200-DMA
The cross was last seen trading above the 200-DMA level of 82.05 levels. The sell-off in the pair ran out of steam last week around the 200-DMA, but the subsequent rebound fell apart near 83.00 levels.
As of now, the strong China data are ensuring the cross stays above the 200-DMA.
However, the key support level could be eventually breached as the focus remains on the US-North Korea tensions. The safe havens like JPY are likely to remain well bid, especially in the holiday-thinned trading.
AUD/JPY Technical Levels
A daily close below the 200-DMA level of 82.05 would open doors for 81.11 (Nov 18 low) and 81.00 (zero levels). On the higher side, breach of the session high of 82.42 would expose 82.88 (10-DMA) and 83.23 (Apr 4 low).
|TREND INDEX||OB/OS INDEX||VOLATILY INDEX|
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.