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31 Mar 2014
AUD/JPY awaits key data at 6-month highs
FXStreet (Córdoba) - The AUD/JPY rose on Monday for the sixth day in a row and peaked at 95.71 hitting the strongest level since June 5, 2013. The pair closed near daily highs ahead of the release of the Tankan report in Japan and the RBA decision on monetary policy.
During March the AUD/JPY rose more than 500 pips and managed to break above 94.00 that was a key resistance. After breaking higher the pair extended gains and is now about to post the second monthly gain in row after finding support in January and February above 88.00.
On Monday the pair fell initially to 94.75 but then bounced to the upside gaining momentum on European hours and then rose further after breaking 95.30 (previous highs).
During March the AUD/JPY rose more than 500 pips and managed to break above 94.00 that was a key resistance. After breaking higher the pair extended gains and is now about to post the second monthly gain in row after finding support in January and February above 88.00.
On Monday the pair fell initially to 94.75 but then bounced to the upside gaining momentum on European hours and then rose further after breaking 95.30 (previous highs).