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.