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24 Dec 2014
AUD/JPY riding a strong greenback
FXStreet (Guatemala) - AUD/JPY is trading at 97.95, up 0.17% on the day, having posted a daily high at 97.99 and low at 97.72.
AUD/JPY continues to trade with a bullish bias, but there has been no “lift off” in the price action, merely a drift to the upside and remaining with the 97 handle.
The cross is moving in line with demand through the dollar and pushing the Yen lower. USD/JPY has managed a look in at 120.75 the high and remains with a better bid tone. Meanwhile, AUD/USD broke the 0.81 handle again but demand supports the pair at 0.8080 and bids took the Aussie up to 0.8110 in late US and early Asian trade.
AUD/JPY continues to trade with a bullish bias, but there has been no “lift off” in the price action, merely a drift to the upside and remaining with the 97 handle.
The cross is moving in line with demand through the dollar and pushing the Yen lower. USD/JPY has managed a look in at 120.75 the high and remains with a better bid tone. Meanwhile, AUD/USD broke the 0.81 handle again but demand supports the pair at 0.8080 and bids took the Aussie up to 0.8110 in late US and early Asian trade.