AUD/JPY takes a dive on risk aversion

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).

15M Strongly Bearish Neutral High
1H Bearish Neutral High
4H Bullish Neutral Low
1D Strongly Bearish Oversold Expanding
1W Bullish Neutral Low


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

Latest Forex News

Editors’ Picks

EUR/USD bounces from 1.18 after robust German Manufacturing PMI

EUR/USD is trading above 1.18 after German Manufacturing PMI beat estimates. Other PMIs missed expectations. US fiscal stimulus and the election developments are eyed.


GBP/USD retreats amid mixed Brexit headlines

GBP/USD has retreated from the highs around 1.31 after UK minister Truss reiterated that the UK could leave without a deal. Ireland´s Coveney expressed more optimism. UK retail sales beat estimates while PMIs were mixed.


XAU/USD's reversal from $1,914 contained at $1,895 support area

Gold’s upside attempt witnessed during the Asian and European trading sessions has been halted at $1,914 on the Early US session as market sentiment plunged and the precious metal has dropped to find support at $1,895.

Gold News

Forex Today: Dollar clings to gains after the presidential debate, Bitcoin extends gains, PMIs eyed

The US dollar is holding onto Thursday's recovery, The presidential debate was more civilized than the previous one and post-event opinion polls are awaited. Earlier, hopes for a stimulus bill faded and allowed the dollar to recover. PMIs and COVID-19 statistics stand out on Friday.

Read more

WTI hits one-week low at $39.55 after Baker Hughes’ report

Front-month WTI futures’ reversal from day tops near $41 has extended to one-week lows at $39.55 on Friday after Baker Hughes reported that US oil and gas rigs increased to their highest level since May last week.

Oil News