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6 Jan 2015
AUD/JPY fails to hold above 97.00
FXStreet (Córdoba) - AUD/JPY erased gains and is moving toward yesterday’s low that lie at 96.37; if it fall under it would be trading at the lowest since December 18.
During the Asian session the pair climbed to 97.20 but failed to hold and pulled back. On European hours rebounded and the 97.00 offered resistance.
Currently trades at 96.48, down 0.30% for the day weakened by the rise of the yen across the board. The Japanese currency is among the strongest for the second day in a row supported by risk aversion and falling US government bond yields.
During the Asian session the pair climbed to 97.20 but failed to hold and pulled back. On European hours rebounded and the 97.00 offered resistance.
Currently trades at 96.48, down 0.30% for the day weakened by the rise of the yen across the board. The Japanese currency is among the strongest for the second day in a row supported by risk aversion and falling US government bond yields.