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4 Dec 2014
AUD/JPY falls modestly, remains above 100.00
FXStreet (Córdoba) - AUD/JPY failed to hold to gains after better-than-expected economic data from Australia and dropped to 100.20. At the moment of writing was trading at 100.45, 20 pips below yesterday’s closing price. During the Asian session peaked at 100.92 and then turned to the downside.
AUD/JPY keeps the range
Since the beginning of the week the pair was moving sideways, without making sharp moves, consolidating around 100.50. The downside remained limited by 100.00 while to the upside the 101.00 zone continued to offer resistance.
The forex market was having a quiet session on Thursday, including yen crosses, as USD/JPY consolidated below 120.00, moving in a small range.
Trader’s eyes were on Draghi’s press conference that will start at 13:30 GMT.
AUD/JPY keeps the range
Since the beginning of the week the pair was moving sideways, without making sharp moves, consolidating around 100.50. The downside remained limited by 100.00 while to the upside the 101.00 zone continued to offer resistance.
The forex market was having a quiet session on Thursday, including yen crosses, as USD/JPY consolidated below 120.00, moving in a small range.
Trader’s eyes were on Draghi’s press conference that will start at 13:30 GMT.