Back
7 Mar 2014
AUD/JPY retreats from 2-month highs
FXStreet (Córdoba) - The AUD/JPY rose at the beginning of the Asian session to 93.89 hitting a fresh 2-month high but retreated afterwards, falling to 93.43, daily low.
The pair extended gains earlier as stocks in Japan opened with gains and also supported by the initial words of Glenn Stevens, RBA governor, that is speaking at the Parliament. But after the statement, Stevens warned that any price for the AUD/USD higher than 0.90 is above the RBA’s assessment, and the Aussie pulled back across the board.
Despite recent decline, the AUD/JPY still holds a bullish bias and is headed toward the best weekly results since September, boosted by risk appetite, economic data from Australia and RBA’s statement released on Tuesday.
The pair extended gains earlier as stocks in Japan opened with gains and also supported by the initial words of Glenn Stevens, RBA governor, that is speaking at the Parliament. But after the statement, Stevens warned that any price for the AUD/USD higher than 0.90 is above the RBA’s assessment, and the Aussie pulled back across the board.
Despite recent decline, the AUD/JPY still holds a bullish bias and is headed toward the best weekly results since September, boosted by risk appetite, economic data from Australia and RBA’s statement released on Tuesday.