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14 Apr 2015
AUD/JPY finds support at 90.45
FXStreet (Córdoba) - AUD/JPY dropped earlier to the lowest level in almost two weeks but bounced to the upside and erased losses after the yen lost momentum across the board.
The pair failed to hold above 91.00 during the Asian session and bottomed on European hours at 90.45, the lowest level since April 2. Afterwards turned to the upside and climbed to 91.19.
Currently the pair is hovering around 91.00, slightly lower for the day, headed toward the third daily decline in a row. So far it had been able to hold above April low and on top of 90.00, if it drops below it would be trading at 2-month lows.
The pair failed to hold above 91.00 during the Asian session and bottomed on European hours at 90.45, the lowest level since April 2. Afterwards turned to the upside and climbed to 91.19.
Currently the pair is hovering around 91.00, slightly lower for the day, headed toward the third daily decline in a row. So far it had been able to hold above April low and on top of 90.00, if it drops below it would be trading at 2-month lows.