FXStreet (Córdoba) – AUD/JPY has been moving all day with an upside bias and recently reached the strongest level in two weeks above 96.00.
AUD/JPY supported by AUD/USD and RBA
During the Asian session the pair gained momentum after the RBA decision to leave rates unchanged as expected, but the neutral tone in the statement favoured the aussie. AUD/JPY climbed above 95.00 and then during the European session reached 96.03.
A weak US dollar pushed AUD/USD to the upside and also boosted the AUD/JPY that broke above 96.05 and recently printed a fresh daily high at 96.39.
Price remain near the highs with a strong bullish momentum, rising almost 150 pips and having the best day since late April.
(Market News Provided by FXstreet)