JPY Trading Outlook Archive

The AUD has stabilised on the crosses over the last 24 hours. AUD/JPY has made modest gains but is still stuck in range-trading mode either side of 93.00. GBP/AUD has settled down after recent spikes but is holding on to most of its gains, usually… Read more

GBP/AUD got very close to 1.80 last night and further gains look likely, with previous weekly highs at 1.8500 the obvious target. AUD/NZD is still consolidating below previous lows and a test of large optionality at 1.10 seems inevitable. AUD/JPY is the only one of… Read more

AUD/JPY was the latest cross to jump on the bear’s bandwagon overnight, finally falling out of its short-term sideways range. The short-term trend is bearish and the next big support level is below 91.00 (see chart). AUD/NZD will again close below its previously stubborn lows… Read more

AUD/NZD will close below its previously stubborn lows at 1.1190 and risk-reward surely favours the bears near current levels. There is large optionality reported at 1.1000 and this should prove magnetic in coming days. GBP/AUD has finally taken a breather from its vertical take-off trajectory… Read more

All of the action has been on the crosses. GBP/AUD has made fresh trend highs and is in a strong bull trend. Chasing it higher is certainly dangerous but playing this cross from the long side is the obvious directional trade. EUR/AUD has made progress… Read more

EUR/AUD made a significant move higher taking out recent trend highs at 1.4550 (see chart). AUD/JPY and AUD/NZD remain inside well-defined ranges with all 3 currencies currently out of favour in the FX market; AUD/NZD is drifting lower inside its hourly ranges but still needs… Read more

EUR/AUD reversed lower after the ECB mentioned ‘negative’ rates. It is still very much in rage-trading consolidation mode but selling rallies towards 1.45 is certainly the preferred strategy. AUD/NZD support at 1.1190 has held yet again and risk-reward would definitely seem to favour the buy-dip… Read more

AUD/NZD support at 1.1190 has held yet again and risk-reward would definitely seem to favour the buy-dip strategy. AUD/JPY took out short-term resistance at 94.10 but further sideways consolidation is favoured until something happens to take out major resistance at 95.50. EUR/AUD is another pair… Read more

More very mixed results for the AUD on the crosses, making very strong gains against the crumbling EUR but falling slightly against the NZD and the GBP. Technical resistance at 1.4560 in EUR/AUD was sharply rejected and prices are back at mid-range levels near 1.4350… Read more

These markets are unbelievably choppy with bursts of volatility but no sign of a trend to rely on and even the ranges are unreliable. AUD/NZD is back below 1.1500 and threatening to squeeze all the longs that’ve been building over the last few weeks. The… Read more