Forex Marketz Daily Forex News – Fully Markets Update
AUD/JPY (97.241)
The Macro news events:
- Market analysts often point to this pair in relation to the short to mid-term US equities.
- Investors are encouraged to follow the reports from the US CPI due to be released today.
The AUD/JPY currency pair can go either direction at this point. There is resistance levels in the upper range near 97.260 to as high as 97.425. We see support levels ranging from 96.390 through to 96.390.
Investor opportunities point to both buy and sell. As such I am taking more of a neutral stance on this Forex pair for the time being. On the four hour chart, you can clearly see the mid term movements, but in the five month and even the one month charts you will notice the nice potential for short term buy/sell options.
