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10 Feb 2015
AUD/JPY: Steady ahead of Chinese data
FXStreet (Guatemala) - AUD/JPY is currently trading at 92.47 with a high of 9264 and a low of 92.34.
AUD/JPY is steady in Tokyo and ahead of the next set of data that will come in the form of Chinese January CPI and PPI with expectations on a softer performance due to energy prices. Other than this, we had the business climate data for Australia in the form of NAB’s monthly business survey confidence a touch higher at 3 vs 2 prior, while business conditions were unchanged at 2.
Meanwhile, AUD/JPY has been drifting both on the offer and under demand since the opening bearish gap overnight while struggling at 93.00 at the topside on the move from 89.42. Risks on EZ political tensions are likely to see a resilient Yen although a push through 93.20 would open up the mid point of the handle ahead of a cent higher at 94.50.
AUD/JPY is steady in Tokyo and ahead of the next set of data that will come in the form of Chinese January CPI and PPI with expectations on a softer performance due to energy prices. Other than this, we had the business climate data for Australia in the form of NAB’s monthly business survey confidence a touch higher at 3 vs 2 prior, while business conditions were unchanged at 2.
Meanwhile, AUD/JPY has been drifting both on the offer and under demand since the opening bearish gap overnight while struggling at 93.00 at the topside on the move from 89.42. Risks on EZ political tensions are likely to see a resilient Yen although a push through 93.20 would open up the mid point of the handle ahead of a cent higher at 94.50.