The AUD/JPY is getting pushed back down into consolidation, slipping back beneath 95.00. The Yen is seeing a resurgence across the board on newfound strength. The Aussie is seeing recent gains get pared back heading into the end of the week. ter Australian inflation ticked higher than expected, pushing the Reserve Bank of Australia closer towards additional rate hikes heading into the end of the year, but topside action for the AUD remains limited as the JPY finds some newfound strength.
AUD/JPY Technical Outlook Friday's decline for the Aussie sees the AUD/JPY pushing straight back into the 50-day Simple Moving Average as the pair struggles to find momentum in the medium term; long-term support sits at the 200-day SMA just below 93.00 while the current ceiling on any bullish moves sits at late September's high near the 97.00 handle.
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Source: CoinDesk - 🏆 291. / 63 Read more »