AUDJPY Price Analysis: Meanders near 93.00 on risk-on mood, dovish BoJ By christianborjon AUDJPY Crosses Technical Analysis
A risk-on market sentiment boosted the prospects of the Aussie, while the BoJ kept the yen downward pressured.The Australian dollar advances vs. the Japanese yen as market sentiment leans risk-on, with USrecording gains as 75% of the US companies’ earnings topped Wall Street. At 92.90, the AUD/JPY gains 1.61% and approaches, for the second time during the day, the 93.00 barrier.
Wednesday’s risk appetite carried on to Thursday as global equities rose. In the FX space, the Japanese yen depreciated after the Bank of Japan committed to its dovish stance keepingOn Thursday, BoJ’s Governor Haruhiko Kuroda said currencies should move stably, reflecting fundamentals. He added that the 2% inflation target would not be sustained as energy prices fade and stated that he would watch FX moves carefully.The AUD/JPY bias remains upward, as the daily chart confirms.
The MACD is neutralizing, as shown by MACD-line/signal line and the histogram, which means the pair might be consolidating, just above the R2 daily pivot at 92.90. Upwards, the AUD/JPY’s first resistance would be the 93.00 mark. A breach of the latter would expose the 200-hour SMA at 93.28, followed by the weekly high around 93.52, which, once cleared, would expose the 94.00 mark.
On the flip side, the AUD/JPY’s first support would be 92.58. Break below will send the pair tumbling towards the R1 daily pivot at 92.17, followed by April’s 27 daily high at 91.98.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/JPY tops 130.00 for the first time in 2O years, as BOJ stays dovishUSD/JPY is accelerating its bullish momentum, having climbed above 130.00 for the first time in 20 years. The slump in the yen got accentuated after t
Leer más »
GBP/USD Price Analysis: Downside pressure from greenback bulls exposes a drop to near 1.2500GBP/USD Price Analysis: Downside pressure from greenback bulls exposes a drop to near 1.2500 By Sagar_Dua24 GBPUSD Technical Analysis ChartPatterns Momentum SupportResistance
Leer más »
US Dollar Index Price Analysis: Bets for a near-term correction on the riseTracked by the DXY, the greenback trades in fresh multi-year peaks north of the 103.00 mark midweek. The intense upside pushed the index into the over
Leer más »
GBP/JPY bounces at 160.00 as risk appetite stabilises, yen bears eye upcoming BoJ meetingGBP/JPY is enjoying a much overdue bounce on Wednesday and was last trading higher by about 0.9% on the day in the 161.30s, having reversed an earlier
Leer más »
BOJ Rate Decision Preview: Sharp yen moves grab attentionFollowing the conclusion of its two-day review meeting on April 28, the Bank of Japan (BOJ) is unlikely to announce any changes to its monetary policy
Leer más »
BOJ to keep all YCC settings unchanged – BofAHeading into the Bank of Japan (BOJ) policy decision, analysts at Bank of America (BofA) provide their expectations amidst the recent sharp moves in t
Leer más »