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9 Feb 2015
AUD/JPY struggles above 92 handle
FXStreet (Mumbai) - The Australian dollar got smashed by the Japanese yen in the early European morning, snapping gains from the previous session largely on the Aussie weakness.
Declines from 92.77 levels
Currently, the AUD/JPY trades lower by -0.64% on the day, at 92.30 levels, having recovered from intraday low at 92.12 posted earlier in the day. AUD/JPY fell largely on Aussie weakness following weekend news of a major slump in China's imports which declined nearly 20%. The downside in the cross was further exacerbated after the yen rose versus the US dollar after upbeat Japanese current account data.
At the moment, AUD/USD trades at 0.7766, down -0.41% on the day, while USD/JPY trades lower by -0.25% at 118.82 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.77 levels and above which it could extend gains to at 93.19 levels. To the downside immediate support might be located at 92.12 levels below that at 91.53 levels.
Declines from 92.77 levels
Currently, the AUD/JPY trades lower by -0.64% on the day, at 92.30 levels, having recovered from intraday low at 92.12 posted earlier in the day. AUD/JPY fell largely on Aussie weakness following weekend news of a major slump in China's imports which declined nearly 20%. The downside in the cross was further exacerbated after the yen rose versus the US dollar after upbeat Japanese current account data.
At the moment, AUD/USD trades at 0.7766, down -0.41% on the day, while USD/JPY trades lower by -0.25% at 118.82 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.77 levels and above which it could extend gains to at 93.19 levels. To the downside immediate support might be located at 92.12 levels below that at 91.53 levels.