SUBSCRIBE TO FEEDFXstreet.com (Córdoba) – Risk aversion environment has translated into a weaker Aussie and a stronger Yen. AUD/JPY slumped from 79.30 to 78.10 on Wednesday, closing the day 1.51% below its opening price and erasing almost completely its previous weekly gains.
At late NY trade, the pair reached the lowest price this week at 77.76 but found support and has bounced slightly. AUD/JPY is struggling to hold above the 78.00 level with the Nikkei opening 1.0% lower.
Currently AUD/JPY is trading at 78.07, right where it opened Thursday. Next support levels could be found at 77.80, 77.50 and 77.20, while resistances might be faced around 78.25/30, 78.70 and 79.00.
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