AUD/JPY: Analysis, Outlook and Forecasts
AUD/JPY (Australian dollar - Japanese yen) outlook and forecast is presented by the team of ForexAbode's analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of AUD/JPY. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.
The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price data which may span many years and have a longer-term view. These are also supported by our very popular chart alerts.
The weekly analysis includes the predictions for the next week's expected moves for the Australian dollar and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. Apart from the weekly forecasts we also update AUD/JPY daily technical analysis, which presents our views about the price-action from short-term perspective.
You may also like to check the following resources for trading AUD/JPY:
AUD/JPY Weekly Outlook - August 11 to 15, 2014
Written By : ForexAbode.com || 2014-08-10 02:04:52 GMT
AUD/JPY dropped sharply during the last week to touch 93.93 but jumped up on Friday to close for the week at 94.65.
The highlight of the last week was a move below the support of 94.39. This move indicated a break of the recent sideways range and hence bearish sentiments. However, the price-action did not sustain below that level and support came just below the 200-day moving average.
AUD/JPY Analysis - July 23, 2014
Written By : ForexAbode.com || 2014-07-23 03:58:51 GMT
Current Exchange Rate: 95.74 at the time of analysis update.
The strong jump which broke over the expected resistance of 95.70 suggests that we should see further gains for a retest of 95.99. However the strong resistance faced there earlier and the fact that AUD/JPY is once again in the psychological ranges of 95.00, we stay neutral as long as the price-action is below 95.99.
AUD/JPY Analysis - July 22, 2014
Written By : ForexAbode.com || 2014-07-22 04:04:12 GMT
Current Exchange Rate: 95.34 at the time of analysis update.
The strong support at 94.39 followed by a strong entry in the psychological range of 95.00 suggest that we can expect some more gains. However, we stay neutral for upside as long as the price-action stays below 95.50/95.70 resistance zone.
AUD/JPY Analysis - July 16, 2014
Written By : ForexAbode.com || 2014-07-16 05:38:50 GMT
Current Exchange Rate: 95.14 at the time of analysis update.
On the upside resistance is expected at or below 95.40 and if that resistance holds and a break below 94.71 takes place then AUD/JPY should target 94.28 first and then possibly 93.80.
This outlook will only start neutralizing if the price-action breaks over 94.40 but a better indication of the bottoming will only come with a break over 96.00.
AUD/JPY Analysis - July 15, 2014
Written By : ForexAbode.com || 2014-07-15 07:08:14 GMT
Current Exchange Rate: 95.24 at the time of analysis update.
Intraday outlook: Bearishbut initially neutral.
The recent low of 94.71 had brought in some bearish sentiments into the picture as AUD/JPY had been moving in a range above 94.95 since June 4th. We are now in favor of some further downward correction but the support at 94.71 will be the decisive factor.
Interest Rate difference of AUD and JPY
AUD to JPY Interest Rates Comparison
(For Carry Trades)