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19 Dec 2013
AUD/JPY holds above 92.00 after strong reversal
FXstreet.com (Córdoba) - The AUD/JPY is holding above 92.00 so far on Thursday while the Nikkei 225 rises 1.80% in the first half of operations. The Yen remains week across the board.
AUD/JPY falls and then gains with the FOMC
After Fed's decision to reduce monthly asset purchases by $10 billion the pair tumbled to 91.03 (10-week low) but rebounded and jumped to 92.25. The rally continued after Wall Street close and the AUD/JPY reached 92.50 but pulled back afterwards to 92.00 in the first hours of the Asian session.
A tumbling Yen allowed the AUD/JPY to rise sharply from 91.00. The Aussie was not among the winners of the FOMC statement: AUD/USD and AUD/NZD fell to fresh weekly lows while the USD/JPY soared to 5-year highs above 104.00.
AUD/JPY falls and then gains with the FOMC
After Fed's decision to reduce monthly asset purchases by $10 billion the pair tumbled to 91.03 (10-week low) but rebounded and jumped to 92.25. The rally continued after Wall Street close and the AUD/JPY reached 92.50 but pulled back afterwards to 92.00 in the first hours of the Asian session.
A tumbling Yen allowed the AUD/JPY to rise sharply from 91.00. The Aussie was not among the winners of the FOMC statement: AUD/USD and AUD/NZD fell to fresh weekly lows while the USD/JPY soared to 5-year highs above 104.00.