Back
6 Aug 2013
AUD/JPY opening up fresh losses ahead of RBA
FXstreet.com (New York) - The AUD/JPY technical cross could not regain the 88.00 level Tuesday morning, driving lower ahead of the RBA later today.
The Asian session will be dominated by events in Australia, beginning with the release of Housing data and Trade statistics at 1:30 GMT. This will open up into the RBA monetary policy statement and Interest Rate decision at 4:30 GMT. The consensus projection is a cut in rates to 2.5% from 2.75%.
AUD/JPY technical levels
The AUD/JPY is now trading at just 87.72 at the time of writing, opening up losses of -0.10% off its opening thus far. Following yesterdays rather muted performance, the AUD/JPY will look to test supportive means at 87.73 (50-day SMA), ahead of 87.49 (August 5 low), and 87.36 (August 1 low).
The Asian session will be dominated by events in Australia, beginning with the release of Housing data and Trade statistics at 1:30 GMT. This will open up into the RBA monetary policy statement and Interest Rate decision at 4:30 GMT. The consensus projection is a cut in rates to 2.5% from 2.75%.
AUD/JPY technical levels
The AUD/JPY is now trading at just 87.72 at the time of writing, opening up losses of -0.10% off its opening thus far. Following yesterdays rather muted performance, the AUD/JPY will look to test supportive means at 87.73 (50-day SMA), ahead of 87.49 (August 5 low), and 87.36 (August 1 low).