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19 Mar 2014
AUD/JPY remains around 92.50
FXStreet (Córdoba) - The AUD/JPY ended unchanged for the third day in a row on Wednesday trading around 92.50. During the American session, following the release of the Federal Reserve statement, the pair hit a 4-day high at 92.83 but it was unable to hold above 92.65 and pulled back to the trading range.
AUD/JPY unable to move away from 92.50
The pair continues to move sideways consolidating a moderate weekly gain, trading with short term support at 92.20 and below here at 91.90 (March 18 low) and resistance located at 92.65/80.
Despite a soaring AUD/USD in the first half of Wednesday the AUD/JPY remained steady on the back of a stronger Yen. After the FOMC meeting the AUD/USD plummeted but also did the Yen, favoring steadiness in the AUD/JPY.
AUD/JPY unable to move away from 92.50
The pair continues to move sideways consolidating a moderate weekly gain, trading with short term support at 92.20 and below here at 91.90 (March 18 low) and resistance located at 92.65/80.
Despite a soaring AUD/USD in the first half of Wednesday the AUD/JPY remained steady on the back of a stronger Yen. After the FOMC meeting the AUD/USD plummeted but also did the Yen, favoring steadiness in the AUD/JPY.