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FXstreet.com (Barcelona) - AUD/JPY broke yesterday above previous multi month high around the 90.00 like hot butter following the approval from US House of US Senate's bill on "fiscal cliff" deal, sitting at this moment at 91.60, off recent fresh 4-year highs at 91.80. Impressive +2.54% advance in US SP500 index helped risk-on trades, which includes AUD/JPY longs.

Tokyo will continue today closed for holidays, with not major economic news coming out today in Asia-Pacific but non-manufacturing PMI China data in few minutes ahead. All eyes will focus on Friday's US NFP figures, preceded by tomorrow's FOMC meeting minutes at 19:00 GMT. AUD/JPY is higher by +1.89% since beginning of the new year, and +2.87% for the week.

Immediate resistance to the upside for AUD/JPY shows at mentioned session and fresh 4-year highs 91.80, followed by Sept 2007 lows at 92.17, and Nov 2007 lows at 92.95. To the downside, closest support lies at Monday's highs 90.19, followed by Friday's highs 89.85, and Dec 16 highs at 89.11.

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