Forex: AUD/JPY finishing 2012 above 89.00

FXstreet.com (Barcelona) - With Tokyo closed for trading and just one day left to go before 2013 kicks in, AUD/JPY is last quoted above 89, up +13.27% year to date. The cross is a +0.29% higher since previous weekly close Friday on the back of Aussie strength, despite lack of progress on US "fiscal cliff" talks.

Latest Aussie private sector credit figures already out showing mixed results, and final HSBC PMI China data better than previous at 18-month high 51.5 are still not providing the definitive push for AUD/JPY to the upside, as AUD/USD is somehow struggling around the 1.04 figure and Yen weakness seems have come to a pause so far.

Immediate resistance to the upside for AUD/JPY shows at recent session highs 89.45, followed by Friday's highs at 89.79/84, and April 11 2011 highs at 90.03. To the downside closest support lies at recent session lows 88.74, followed by Dec 20 highs at 88.55, and Dec 20 lows at 87.84.