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21 Apr 2014
AUD/JPY near day highs on Yen weakness
FXStreet (Bali) - With early Tokyo buying Yen crosses, the AUD/JPY is trading slightly higher at 95.70, still trapped within a day range context between 95.00 and 96.00.
The just released Japan's trade balance, which saw yet again another record trade deficit, took the rate to its session high of 95.75. The Nikkei 225 is currently trading 0.5% higher, also supporting Yen crosses.
Technically, the distribution period is likely to extend at least until Wednesday, when the Aus Q1 CPI could be the trigger needed to unravel a range that has been established since the start of the month.
The just released Japan's trade balance, which saw yet again another record trade deficit, took the rate to its session high of 95.75. The Nikkei 225 is currently trading 0.5% higher, also supporting Yen crosses.
Technically, the distribution period is likely to extend at least until Wednesday, when the Aus Q1 CPI could be the trigger needed to unravel a range that has been established since the start of the month.