FXStreet (Córdoba) – AUD/JPY continues to move sideways and currently is testing the 96.00 area. Earlier the pair bottomed at 95.15 and then turned to the upside as AUD/USD rose past 0.7735. It peaked at 95.98, the strongest since last Tuesday.
Currently trades at 95.80/85, up 45 from Friday’s closing price and is testing the 96.00 resistance area.
The aussie holds a bullish tone in the short term as it continues to reach higher lows, recovering after hitting last week 94.51, the lowest since May 11.
Next: RBA minutes
During Tuesday’s Asian session, the Reserve Bank of Australia will release the minutes of its latest meeting and also new vehicle sales numbers will be published. No relevant economic data from Japan is expected on Tuesday.
(Market News Provided by FXstreet)