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14 Jan 2015
AUD/JPY hits a fresh 3-Months Low, drops -1.5%
FXStreet (Mumbai) - The Australian dollar extended slump for the third straight session versus the Japanese yen and fell to lowest in three months as a massive commodity sell-off continues.
Currently, the AUD/JPY pair posted fresh three month low at 94.83, down -1.5% on the day. The cross in AUD/JPY dived deeper into red as the commodity currency battering continues after industrial metals also join in the rout seen in oil prices. The losses in AUD/JPY cross also accelerated as the yen strengthened against the US dollar.
The USD/JPY pair trades at 117.36 levels down -0.48% on the day. While, AUD/USD traded much lower at 0.8080 down -1.03% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 95.50 levels and above which it could extend gains to at 96.28 (Oct 29 High) levels. To the downside immediate support might be located at 94.78 (Oct 28 Low) levels below that at 94.69 (Oct 2014 Low) levels.
Currently, the AUD/JPY pair posted fresh three month low at 94.83, down -1.5% on the day. The cross in AUD/JPY dived deeper into red as the commodity currency battering continues after industrial metals also join in the rout seen in oil prices. The losses in AUD/JPY cross also accelerated as the yen strengthened against the US dollar.
The USD/JPY pair trades at 117.36 levels down -0.48% on the day. While, AUD/USD traded much lower at 0.8080 down -1.03% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 95.50 levels and above which it could extend gains to at 96.28 (Oct 29 High) levels. To the downside immediate support might be located at 94.78 (Oct 28 Low) levels below that at 94.69 (Oct 2014 Low) levels.