FXstreet.com (Barcelona) - AUD/JPY is currently recovering at85.92 from previous weekly lows at 85.56, retracing from earlyMonday fresh almost 8-month highs at 86.41. The cross is some waycontained below 86 round asks, at the same time finds support fromUSD/JPY pair bids at 82 round, as is reported some expiries aretied to that strike.
As soon as those expiries in USD/JPY at 82 round are settled,market sources say, USD recent turn might look for lower USD/JPYand thus AUD/JPY, while AUD/USD just printed fresh 2-month highs at1.0490 right after Greece aid tranche has been agreed, but notfollowing thru, what is making market skepticism to grow.
Immediate support to the downside for AUD/JPY lies at yesterday'slows 85.58, followed by Friday's lows 85.33, and Nov 19 highs/38.2%Fib of 81.95/86.41 at 84.75. To the upside, closest resistancecomes at recent session highs 86.09, followed by yesterday'smulti-month highs at 86.41, and April 02 highs at 86.77.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
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