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AUD/JPY comes screaming back

By   || January 31, 2010 at 22:17 GMT
|| 1 comment || Add comment

The 200-day MA proved a bridge too far for the AUD/JPY bears and the cross has jumped from 79.15 to 79.70 in a little over 30 minutes. The retail market was not convinced by the move lower in the interbank market, and with interest rates set to rise in Australia again tomorrow, they saw these levels as excellent buying opportunities.

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One Response to “AUD/JPY comes screaming back”

  1. Tajul Akbar Bin Ismail on January 31st, 2010 23:39 GMT

    AUD MI Inflation Gauge (MoM) came in at 0.80%, Previous : 0.30%

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