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1 AUD to JPY – AU Dollars to JPY

When converting Australian dollars (AUD) to JPY, or JPY to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/JPY currency conversion rates.

AUD to JPY Overview: Since the middle of last century, Australia and Japan have had a constantly growing economic and cultural relationship. As Australia’s trade focus on the other Commonwealth countries dwindled during the 1950’s and 60’s, it turned its ties to Asia, and Japan in particular. By the mid 1960’s Japan was the largest export destination for Australian products and that strong relationship remains in place right through until current times. By the nature of the Australian dollar being a barometer for global growth, and the YEN being a safe haven currency in uncertain times, the pairs moves are accentuated in uncertain times. Since the global financial crisis (GFC) in 2008, the pair has spent most of the time bounding within the 72.00 – 88.00 range, which is some 18% wide.

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Historical Ranges: 1 year 5 years 10 years
AUD/YEN 75.95 – 89.13 72.37 – 105.41 55.08 – 107.82

Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.50%        Bank of Japan (BOJ): -0.10%

View AUDJPY chart

It’s been a massive week for the Japanese Yen (JPY) after huge weakness in the Australian Dollar (AUD) spiked the pair lower off Mondays open of 84.00 to 81.00 Friday. Risk off moves as well as poor Aussie data has been reflected in the price action. Aussie quarterly GDP printed much lower than markets were expecting at 0.3% based on predictions of 0.6% showing the Australian economy slowed sharply over the last quarter. The RBA has left the cash rate unchanged as widely expected siting a slowdown in global trade stemming from ongoing trade tensions, confirming the rate would remain at 1.50% for some time. Next week the pair has a bunch of tier two data on the docket but the main driver will be the ongoing trade tariff mess.

Exchange Rates

The current interbank midrate is:AUDJPY 81.51
The interbank range this week has been:AUDJPY 80.92- 83.65

View AUDJPY chart

The Australian dollar has benefited from some encouraging signs in regard to global trade after US and China talks during the weekends G20 seemed to ease tensions, at least for now. The AUD jumped higher on Monday driving the AUDJPY cross to a 83.89 high so far. We do have the RBA meeting to digest this afternoon to digest, and it could cause some volatility, but no one is expecting any significant change in stance from the central bank.

Exchange Rates
Current level: 83.54
Resistance: 84.40
Support: 81.20
Last Week’s Range: 81.93-83.89

View AUDJPY chart

A head and shoulder pattern has emerged in the Australian Dollar (AUD), Japanese Yen (JPY) pair with a break higher through 82.50 resistance level, the pair making fresh highs at 83.20. Risk currencies have performed well over the last couple of days with US equity markets doing well. We see further upside extension to 84.00 levels if risk continues and we see more US Dollar weakness through the G20 summit today.

Exchange Rates

The current interbank midrate is:AUDJPY 83.05
The interbank range this week has been:AUDJPY 81.82- 83.19

View AUDJPY chart

With currency markets favouring a risk currencies with US equities closing the day in positive territory the Australian Dollar (AUD) was buoyant early on reaching 82.40 against the Japanese Yen (JPY) Price movement was non existent late last week with holidays in Japan and USA creating thin markets so the movement this week has been welcomed. We still suggest downside momentum with a heavy week of unknown certainties such as Brexit and G20 later in the week.

Exchange Rates
Current level: 81.92
Resistance: 83.00
Support: 81.20
Last Week’s Range: 81.18-82.62

View AUDJPY chart

The Australian Dollar (AUD) fall away off its open price of 82.70 Monday to 81.15 Wednesday against the Japanese Yen (JPY) after risk averse conditions dropped the pair to a two week low. As the Japanese celebrated Labour Thanksgiving Day markets were thin and volatility was prevalent. If I’m honest the pair has lacked direction the entire year chopping mostly between a range of 78.00 and 84.00 which is highly irregular given recent history. Next week G20 meeting in Argentina could bring about further risk averse sentiment and take the cross back below 80.00.

Exchange Rates

The current interbank midrate is:AUDJPY 81.91
The interbank range this week has been:AUDJPY 81.19- 82.61

View AUDJPY chart

It was a choppy week in the Australian Dollar (AUD), Japanese Yen (JPY) pair as we saw it reach a high during late Friday sessions of 82.80. Monday’s risk off mood has seen US equity markets plummet again- the Nasdaq falling 3.10% taking the NZD with it back to 81.85. Today’s RBA monetary policy minutes the standout as we are expecting upwardly revised projections to inflation and GDP based on recent buoyant economic data. With the main driver this week being risk sentiment we expect further falls in the pair back to 81.40 support. Buyers of JPY should consider at current levels.

Exchange Rates
Current Level: 82.08
Resistance: 83.00
Support: 81.70
Last Week’s Range: 81.78-82.89

View AUDJPY chart

Risk markets are starting to diminish Tuesday morning in the Australian Dollar (AUD), Japanese Yen (JPY) pair as the Aussie eased back off last week’s high of 83.00 dropping a cent to trade at 81.90 Midweek Australian wage data and unemployment figures should offer the Aussie support if equity markets slide further and create further negativity towards the end of the week.

Exchange Rates
Current Level: 81.45
Resistance: 83.00
Support: 80.40
Last Week’s Range: 81.49-83.04

View AUDJPY chart

The Australian Dollar (AUD) extended last week gains reaching 83.00 versus the Yen )JPY). Risk sentiment improved post the US elections with punters buying the Aussie to a seven August high. The RBA left rates unchanged at 1.50% their statement upbeat on future growth projections lifting the AUD from last weeks low of 78.50. Next week’s wage and unemployment data should push the pair higher to possibly retest 84.00

Exchange Rates

The current interbank midrate is:AUDJPY 82.72
The interbank range this week has been:AUDJPY 81.08 – 83.04

View AUDJPY chart

The Australian Dollar (AUD) has pushed higher off the weekly open to 81.70 against the Japanese Yen (JPY) after BoJ’s Kuroda put the Yen under pressure yesterday. A continuation of last weeks rally in price after Aussie Trade Balance figures surprised to the upside looks on the cards with 82.50 the next target, the three month high. Retails Sales took the Aussie briefly off its high last week when it printed at 0.2% based on 0.3% predictions. Focus now lies with today’s RBA 4.30 NZT – no surprises are expected.

Exchange Rates
Current Level: 81.74
Resistance: 82.50
Support: 80.40
Last Week’s Range: 79.36-81.94

View AUDJPY chart

The Australian Dollar (AUD) has broken above support of 80.40 Friday versus the Japanese Yen (JPY) a five week high reaching 81.20. Earlier in the week Aussie CPI released slightly down on expectations stalling the Aussie rally half a cent, but it was Thursdays Australian Trade Balance figures which sent buyers into a frenzy for the Aussie Dollar. Figures released at a whopping 3.02 Billion surplus much higher than the 1.71 Billion markets were expecting. The Bank of Japan left rates unchanged and made small changes to current policy of July in order to limit any negative effects from their current monetary easing program. Focus lies now with today’s Australian Retail Sales numbers, we expect price to continue through to 82.50 over the coming days. Next week’s RBA announcement will be the main event.

Exchange Rates

The current interbank midrate is:AUDJPY 81.31
The interbank range this week has been:AUDJPY 78.58- 81.38

View AUDJPY chart

The Australian Dollar (AUD) dropped to a low of 78.55 during Friday’s trading sessions against the Japanese Yen (JPY) before reversing some of these losses. This week’s trading in the pair will be volatile as it was last week with several key local data releases such as Australian Retail Sales and CPI along with the Bank of Japan (BoJ) cash rate announcement. Equity shifts based on US earnings could create large moves in the pair especially later in the week. We are currently trading around the 79.30 level with chances of a retest of last week’s low of 78.50 possible.

Exchange Rates
Current Level: 79.51
Resistance: 80.00
Support: 78.50
Last Week’s Range: 78.58-80.02

View AUDJPY chart

The Australian Dollar (AUD) dropped to a low of 78.55 during Friday’s trading sessions against the Japanese Yen (JPY) before reversing some of these losses. This week’s trading in the pair will be volatile as it was last week with several key local data releases such as Australian Retail Sales and CPI along with the Bank of Japan (BoJ) cash rate announcement. Equity shifts based on US earnings could create large moves in the pair especially later in the week. We are currently trading around the 79.30 level with chances of a retest of last week’s low of 78.50 possible.

Exchange Rates
Current Level: 79.51
Resistance: 80.00
Support: 78.50
Last Week’s Range: 78.58-80.02

View AUDJPY chart

A quiet week for Japanese Yen (JPY) and Australian (AUD) data saw a bouncy volatile week of price action. Coming off the weekly open of 80.20 the cross travelled down to 79.10 in thin markets before reversing back to 80.00. The Japanese Yen’s bull run of late slowed this week but this doesn’t mean it’s over as risk averse sentiment is expected to resume next week with further out performance expected. This being said we expect price to retest August 2016 levels of 76.00. Except for the risk outlook the main drivers next week will be Aussie Retail Sales and CPI.

Exchange Rates

The current interbank midrate is:AUDJPY 79.46
The interbank range this week has been:AUDJPY 79.00 – 80.49

View AUDJPY chart

The risk-off sentiment has favoured the JPY on this cross and we see further AUD weakness heading into next week, especially if the governing Conservative party lose the weekend’s bye-election for the Wentworth Sydney electorate. Now at 79.61 look for a test of the 79.00/05 into next week.

Exchange Rates

The current interbank midrate is:AUDJPY 79.59
The interbank range this week has been:AUDJPY 79.49 – 80.45

View AUDJPY chart

The Australian Dollar (AUD, Japanese Yen (JPY) pair remains at the mercy of offshore influences. Trading just shy off 80.00 Monday the cross has slipped back to 79.70 with equities closing lower on the day. We favour downside momentum this week the continuation of the decline from early October’s 82.50 with risk sentiment low, at least until Aussie Employment data releases on Thursday to gauge further direction. 10 September’s 78.70 low is near term support.

Exchange Rates
Current level: 79.87
Resistance:
Support: 79.00
Last Week’s Range: 79.09-80.59

View AUDJPY chart

The Australian Dollar (AUD) continued its bearish trend early in the week against the Japanese Yen (JPY) dropping to 79.00 a five week low. As risk sentiment in markets deteriorated based on reasonable falls in global equities the safe haven JPY was favoured. Friday’s US equity markets closed only slightly down – the DOW 1.18% this was seen as a win for risk sentiment with the pair back trading at 79.80

Exchange Rates

The current interbank midrate is:AUDJPY 79.88
The interbank range this week has been:AUDJPY 79.09- 80.74

View AUDJPY chart

Last week’s Australian Dollar (AUD) strength against the Japanese Yen (JPY) came to an end topping out at 82.50 with Australian Building Approvals taking a hit. Australia’s constructions industry is coming off a long period of booming prices and recent figures show that residential construction will be heavily reduced compared to levels seen in recent times. The Aussie traded back under 80.00 to 79.75 and continues to look heavy with NAB Business confidence this afternoon.

Exchange Rates
Current Level:80.05
Resistance: 82.00
Support: 78.70
Last Week’s Range:  79.77-82.44

View AUDJPY chart

The recent lack of Japanese Yen (JPY) support continues this week against the Australia Dollar (AUD) as the pair pushes further north from the low of 78.40 mid September to 82.40. Except for a short stink to 82.50 last week this represents the continuation of a new bullish trend channel for the Aussie. Today’s RBA could push the pair higher with a retest of 82.80 if any surprises eventuate from the monetary statement.  Bad weather is also affecting Yen price action with Typhoon Trami touching down on the mainland forcing thousands of people to be evacuated. Evacuation is on standby for an additional 3.7 million people.

Exchange Rates
Current Level:82.36
Resistance: 84.00
Support: 82.00
Last Week’s Range:  81.33-82.42

View AUDJPY chart

It’s been a volatile week for the Australian Dollar (AUD), Japanese Yen (JPY) pair with a lack of liquidity the cross has bounced from a high of 82.50 to 81.20 in choppy conditions. Following on from previous weeks price movement the pair lacks any resemblance of direction. With an Australian holiday Monday and RBA cash rate announcement Tuesday we can look forward more of the same choppiness with topside limited to 82.60 and a broad sense further weakness back under 80.00 could be targeted if the RBA statement is dovish.

Exchange Rates

The current interbank midrate is:AUDJPY 81.89
The interbank range this week has been:AUDJPY 81.33 – 82.42

View AUDJPY chart

Quiet trading in this cross, with light volumes to begin the week due to yesterday’s Japanese holiday….now at 81.88 with little direction ahead of the US Fed rate announcement on Thursday…with base metal prices still supportive we look for a move to the 82.50 region later this week.

Exchange Rates
Current Level: 81.95
Resistance: 83.00
Support: 79.50
Last Week’s Range: 80.01 -82.35

View AUDJPY chart

A positive week for the AUD on this cross as it has moved from 79.76 to 82.08 as risk trades have gained favour, reducing the appeal of the safe-haven JPY ….now around 81.92 we look for push back to the 82.50 level next week if the risk on tone is maintained.

Exchange Rates

The current interbank midrate is:AUDJPY 81.95
The interbank range this week has been:AUDJPY 79.80 – 82.10

View AUDJPY chart

The Australian Dollar has started the week in a positive tone reaching 80.60 against the Japanese Yen (JPY) pushing up from the weekly close of 80.15. The Japanese holiday to observe “respect for the aged day” made for thin trading conditions. The economic docket this week for the pair is light with markets eying today’s RBA August Minutes and later in the week Japan’s Cash Rate announcement which is expected to remain unchanged and show no surprises. With trade tensions the main currency concerns this week we may see a weaker Aussie Dollar trade back under 80.00

Exchange Rates
Current Level: 80.14
Resistance: 80.70
Support: 79.70
Last Week’s range: 78.94 – 80.78

View AUDJPY chart

Positive Australian Employment data Thursday has boosted the Australian Dollar (AUD) versus the Japanese Yen (JPY) to 80.80 a monthly high. Statistics showed the number of people who entered the workforce was up considerably to 44,000 from 16,500 markets were expecting. The official unemployment rate remained unchanged at 5.3%.  A downgraded Chinese GDP figure halted upward momentarily temporarily but the Aussie looks to retest 81.00. Markets still remain nervous around possible trade war related headlines which if negative would see buyers into the Japanese Yen (JPY) taking the Aussie off its perch.

Exchange Rates

The current interbank midrate is:AUDJPY 80.40
The interbank range this week has been:AUDJPY 78.74- 80.78

View AUDJPY chart

With the Australian Dollar (AUD) the weakest currency over the past few days it’s no surprise its lower against the safe haven Japanese Yen (JPY) After slumping to 78.60 Monday it has made a slight recovery back to 79.00. Markets remain nervous of further headline trade war related news with China which has the ability to send the Aussie much lower in more ways than one. The safe haven Yen buy and the trade related relationships Australia have with China look shaky. The pair is trading at the November 2016 low and could make a lunge for 76.00 if things don’t look up.

Exchange Rates
Current Level: 79.06
Resistance: 81.50
Support: 76.80
Last Week’s Range:  78.74 – 80.56

View AUDJPY chart

As we predicted the Australian Dollar (AUD) has traded lower against the Japanese Yen (JPY). Better than forecast Australian GDP data numbers as well as Trade Balance couldn’t stem the decline as the pair slumped to 79.30 Friday a fresh 22 month low. Japanese repatriation flows is understood to have driven the spike in Yen interest with supposedly large Yen buyers pushing the Yen higher. Offshore drivers such as trade speak will affect risk sentiment heading into the close.

Exchange Rates

The current interbank midrate is:AUDJPY 79.47
The interbank range this week has been:AUDJPY 79.27- 80.65

View AUDJPY chart
This could prove to be a pivotal week for the Australian dollar (AUD) which has seen heaving selling pressure recently. Today’s RBA rate statement will be followed by GDP data tomorrow and Trade Balance figures on Thursday. Will the market get caught a bit short Australian dollars? Only time will tell, but we suspect anything other than dovish releases may well set the scene for a corrective rally in the AUD. Yesterday’s low of 79.56 in the AUDJPY was the lowest level since October 2016 and we’ve already seen a recovery from those somewhat oversold levels. It is no doubt data dependant, but I wouldn’t be surprised to see a recovery back toward 81.00 in the coming days.

Exchange Rates
Current Level: 80.07
Resistance: 81.80
Support: 79.50
Last Week’s Range: 79.56 -81.79

View AUDJPY chart
The Australian Dollar (AUD) made nice early gains this week against the Japanese Yen (JPY) to 81.60 but markets turned risk averse and bought Yen back to 80.50. Aussie data with Capital expenditure and Building Approvals sent the Aussie lower after both printed significantly lower than markets were expecting. Last week record low of 79.70 from November 2016 looks in sight with support around the 76.00. Next week we have Australian Retail Sales and the RBA cash rate which could give the struggling Aussie much needed buying interest.

Exchange Rates

The current interbank midrate is:AUDJPY 80.60
The interbank range this week has been:AUDJPY 80.41 – 81.79

View AUDJPY chart

Investors pushed the Australian Dollar (AUD) higher from the weekly open against the Japanese Yen (JPY) to 81.50 as it trades just shy of the four week high of 81.80 Tuesday. With a quiet week of fundamental economic data in store to create volatility the pair will be driven by offshore developments such as continued trade discussions and NAFTA. Australian quarterly Capital Expenditure is due Thursday the only data of weight to keep markets awake. The bullish channel from the low of 79.60 is still in play and should correspond to a higher Aussie through to 82.70 this week.

Exchange Rates
Current Level: 81.72
Resistance: 82.70
Support:80.50
Last Week’s Range: 80.58 – 81.73

View AUDJPY chart

The Australian Dollar (AUD) Japanese Yen (JPY) pair spiked to 81.45 midweek with renewed support for the Aussie Dollar after weak Japanese data was released. Australian Construction figures printed better than expected at 1.60% from 0.7% helping to push the AUD higher. Thursday saw a sharp sell off from 81.30 levels with the cross falling back to 80.50. Watch for the Jackson Hole today for surprises.

Exchange Rates

The current interbank midrate is:AUDJPY 80.65
The interbank range this week has been:AUDJPY 80.46 – 81.47

View AUDJPY chart

As we expected and commented in the last commentary the Japanese Yen (JPY) Australian Dollar (AUD) pair remained in the 80.00 to 81.00 zone closing the week at 80.98. RBA governor Lowe spoke late Friday giving the Aussie a boost. We don’t see much on the calendar this week for the pair to make great variations to current price action, but we do have the release of the RBA August minutes out today along with second quarter construction Thursday. The Jen remains sensitive to the geopolitical scene with incoming headlines around US-China trade talks able to shift markets at ease.

Exchange Rates
Current Level: 80.79
Resistance: 82.80
Support: 79.70
Last Week’s Range: 79.72 – 80.96

View AUDJPY chart

Risk sentiment improved Thursday in currency markets and pushed the Australian Dollar (AUD) off its low of 79.60 to 80.70 against the Japanese Yen (JPY). Giving the Aussie a double boost was employment figures with the employment rate surprising markets and releasing at 5.30% from the 5.40% expected. The number of people employed slowed to -3,900 from the 15,000 expected but was overlooked against the improving official unemployment rate. We suspect the pair will complete the week around 80.00 to 81.00 with no data of significance to publish. RBA’s Lowe speaks today, we expect the normal recent rhetoric.

Exchange Rates

The current interbank midrate is:AUDJPY 80.60
The interbank range this week has been:AUDJPY 79.72- 81.83

View AUDJPY chart

The Australian Dollar (AUD) slipped below pivotal support Monday of 80.50 extending its recent declines to 80.40. Japanese quarterly GDP printed Friday at 0.50% from 0.3% expected bringing Yen bulls back at the table. Starting the week at 82.25 this represents nearly 200 points of depreciation for the Aussie Dollar. This week’s Australian unemployment data releases and should show a steady figure around 5.40% with approximately 15,000 people added to the Australian labor force. Wage growth is the key release for the week with recent figures disappointing.

Exchange Rates
Current Level: 80.48
Resistance: 82.70
Support: 80.00
Last Week’s Range:80.00 – 82.80

View AUDJPY chart

The Australian Dollar (AUD), Japanese Yen (JPY) pair has drifted lower over the week after reaching 82.80 Wednesday. Markets seemed a little risk averse from Thursday with investors buying the Yen. On Tuesday the RBA left the benchmark cash rate unchanged at 1.50% for two years running with the statement largely benign. Japanese prelim quarterly GDP prints Friday, anything south of the predicted 0.3% will could send the pair retesting 83.80

Exchange Rates

The current interbank midrate is:AUDJPY 81.80
The interbank range this week has been:AUDJPY 81.70 – 82.80

View AUDJPY chart

Australian Retail Sales released at 0.4% higher than the market predicted 0.3% pushing the Aussie Dollar (AUD) back in favour against the Japanese Yen (JPY) At one point spiking to 82.70 but drifting back to 82.30 where it stayed for the remainder of the week. Further sideways action has been the theme Monday with an Australian Bank Holiday creating lighter trading volumes. The RBA will announce their Cash Rate today at 4.30pm NZT with more of the same rhetoric expected and 1.50% to remain intact. Japanese prelim quarterly GDP prints Friday, anything south of the predicted 0.3% will could send the pair retesting 83.80.

Exchange Rates
Current Level: 82.21
Resistance: 84.00
Support: 80.65
Last Week’s Range: 82.01 – 83.21

View AUDJPY chart

After earlier heavy buying in the Australian Dollar (AUD) versus the Japanese Yen (JPY) to early week levels of 83.00 a two week, high the Australian Dollar lost ground sliding back to below the weekly open to 81.95. Investors became risk averse after further plans were made by President Trump to sting China again with potentially higher tariffs than the 10% forecasted. Aussie Retail Sales prints today and may give the struggling currency a chance recoup early losses.

Exchange Rates

The current interbank midrate is:AUDJPY 82.25
The interbank range this week has been:AUDJPY 81.87- 83.21

View AUDJPY chart

Today the Bank of Japan (BoJ) will announce their monetary policy statement and which is not expected to bring any surprises. No change in the (BoJ) Bank of Japan Cash rate is expected with the BoJ hinting recently they won’t tighten their ultra-loose policy before October this year. The Japanese Yen (JPY) Australian Dollar (AUD) cross sits plumb in the middle at 82.30 currently the long term range of 84.50 and 80.60 with direction tough to pick. If Australian Trade Balance prints well, we think the Aussie may hold the upper hand

Exchange Rates
Current level: 82.25
Resistance: 83.00
Support: 81.85
Last Week’s Range: 81.82 – 82.82

View AUDJPY chart

The Australian Dollar (AUD, Japanese Yen (JPY) pair remains at the mercy of offshore influences. Trading just shy off 80.00 Monday the cross has slipped back to 79.70 with equities closing lower on the day. We favour downside momentum this week the continuation of the decline from early October’s 82.50 with risk sentiment low, at least until Aussie Employment data releases on Thursday to gauge further direction. 10 September’s 78.70 low is near term support.

Exchange Rates
Current level: 79.87
Resistance:
Support: 79.00
Last Week’s Range: 79.09-80.59

View AUDJPY chart

The Australian Dollar (AUD) continued its bearish trend early in the week against the Japanese Yen (JPY) dropping to 79.00 a five week low. As risk sentiment in markets deteriorated based on reasonable falls in global equities the safe haven JPY was favoured. Friday’s US equity markets closed only slightly down – the DOW 1.18% this was seen as a win for risk sentiment with the pair back trading at 79.80

Exchange Rates

The current interbank midrate is:AUDJPY 79.88
The interbank range this week has been:AUDJPY 79.09- 80.74

View AUDJPY chart

Last week’s Australian Dollar (AUD) strength against the Japanese Yen (JPY) came to an end topping out at 82.50 with Australian Building Approvals taking a hit. Australia’s constructions industry is coming off a long period of booming prices and recent figures show that residential construction will be heavily reduced compared to levels seen in recent times. The Aussie traded back under 80.00 to 79.75 and continues to look heavy with NAB Business confidence this afternoon.

Exchange Rates
Current Level:80.05
Resistance: 82.00
Support: 78.70
Last Week’s Range:  79.77-82.44

View AUDJPY chart

The recent lack of Japanese Yen (JPY) support continues this week against the Australia Dollar (AUD) as the pair pushes further north from the low of 78.40 mid September to 82.40. Except for a short stink to 82.50 last week this represents the continuation of a new bullish trend channel for the Aussie. Today’s RBA could push the pair higher with a retest of 82.80 if any surprises eventuate from the monetary statement.  Bad weather is also affecting Yen price action with Typhoon Trami touching down on the mainland forcing thousands of people to be evacuated. Evacuation is on standby for an additional 3.7 million people.

Exchange Rates
Current Level:82.36
Resistance: 84.00
Support: 82.00
Last Week’s Range:  81.33-82.42

View AUDJPY chart

It’s been a volatile week for the Australian Dollar (AUD), Japanese Yen (JPY) pair with a lack of liquidity the cross has bounced from a high of 82.50 to 81.20 in choppy conditions. Following on from previous weeks price movement the pair lacks any resemblance of direction. With an Australian holiday Monday and RBA cash rate announcement Tuesday we can look forward more of the same choppiness with topside limited to 82.60 and a broad sense further weakness back under 80.00 could be targeted if the RBA statement is dovish.

Exchange Rates

The current interbank midrate is:AUDJPY 81.89
The interbank range this week has been:AUDJPY 81.33 – 82.42

View AUDJPY chart

Quiet trading in this cross, with light volumes to begin the week due to yesterday’s Japanese holiday….now at 81.88 with little direction ahead of the US Fed rate announcement on Thursday…with base metal prices still supportive we look for a move to the 82.50 region later this week.

Exchange Rates
Current Level: 81.95
Resistance: 83.00
Support: 79.50
Last Week’s Range: 80.01 -82.35

View AUDJPY chart

A positive week for the AUD on this cross as it has moved from 79.76 to 82.08 as risk trades have gained favour, reducing the appeal of the safe-haven JPY ….now around 81.92 we look for push back to the 82.50 level next week if the risk on tone is maintained.

Exchange Rates

The current interbank midrate is:AUDJPY 81.95
The interbank range this week has been:AUDJPY 79.80 – 82.10

View AUDJPY chart

The Australian Dollar has started the week in a positive tone reaching 80.60 against the Japanese Yen (JPY) pushing up from the weekly close of 80.15. The Japanese holiday to observe “respect for the aged day” made for thin trading conditions. The economic docket this week for the pair is light with markets eying today’s RBA August Minutes and later in the week Japan’s Cash Rate announcement which is expected to remain unchanged and show no surprises. With trade tensions the main currency concerns this week we may see a weaker Aussie Dollar trade back under 80.00

Exchange Rates
Current Level: 80.14
Resistance: 80.70
Support: 79.70
Last Week’s range: 78.94 – 80.78

View AUDJPY chart

Positive Australian Employment data Thursday has boosted the Australian Dollar (AUD) versus the Japanese Yen (JPY) to 80.80 a monthly high. Statistics showed the number of people who entered the workforce was up considerably to 44,000 from 16,500 markets were expecting. The official unemployment rate remained unchanged at 5.3%.  A downgraded Chinese GDP figure halted upward momentarily temporarily but the Aussie looks to retest 81.00. Markets still remain nervous around possible trade war related headlines which if negative would see buyers into the Japanese Yen (JPY) taking the Aussie off its perch.

Exchange Rates

The current interbank midrate is:AUDJPY 80.40
The interbank range this week has been:AUDJPY 78.74- 80.78

View AUDJPY chart

With the Australian Dollar (AUD) the weakest currency over the past few days it’s no surprise its lower against the safe haven Japanese Yen (JPY) After slumping to 78.60 Monday it has made a slight recovery back to 79.00. Markets remain nervous of further headline trade war related news with China which has the ability to send the Aussie much lower in more ways than one. The safe haven Yen buy and the trade related relationships Australia have with China look shaky. The pair is trading at the November 2016 low and could make a lunge for 76.00 if things don’t look up.

Exchange Rates
Current Level: 79.06
Resistance: 81.50
Support: 76.80
Last Week’s Range:  78.74 – 80.56

View AUDJPY chart

As we predicted the Australian Dollar (AUD) has traded lower against the Japanese Yen (JPY). Better than forecast Australian GDP data numbers as well as Trade Balance couldn’t stem the decline as the pair slumped to 79.30 Friday a fresh 22 month low. Japanese repatriation flows is understood to have driven the spike in Yen interest with supposedly large Yen buyers pushing the Yen higher. Offshore drivers such as trade speak will affect risk sentiment heading into the close.

Exchange Rates

The current interbank midrate is:AUDJPY 79.47
The interbank range this week has been:AUDJPY 79.27- 80.65

View AUDJPY chart
This could prove to be a pivotal week for the Australian dollar (AUD) which has seen heaving selling pressure recently. Today’s RBA rate statement will be followed by GDP data tomorrow and Trade Balance figures on Thursday. Will the market get caught a bit short Australian dollars? Only time will tell, but we suspect anything other than dovish releases may well set the scene for a corrective rally in the AUD. Yesterday’s low of 79.56 in the AUDJPY was the lowest level since October 2016 and we’ve already seen a recovery from those somewhat oversold levels. It is no doubt data dependant, but I wouldn’t be surprised to see a recovery back toward 81.00 in the coming days.

Exchange Rates
Current Level: 80.07
Resistance: 81.80
Support: 79.50
Last Week’s Range: 79.56 -81.79

View AUDJPY chart
The Australian Dollar (AUD) made nice early gains this week against the Japanese Yen (JPY) to 81.60 but markets turned risk averse and bought Yen back to 80.50. Aussie data with Capital expenditure and Building Approvals sent the Aussie lower after both printed significantly lower than markets were expecting. Last week record low of 79.70 from November 2016 looks in sight with support around the 76.00. Next week we have Australian Retail Sales and the RBA cash rate which could give the struggling Aussie much needed buying interest.

Exchange Rates

The current interbank midrate is:AUDJPY 80.60
The interbank range this week has been:AUDJPY 80.41 – 81.79

View AUDJPY chart

Investors pushed the Australian Dollar (AUD) higher from the weekly open against the Japanese Yen (JPY) to 81.50 as it trades just shy of the four week high of 81.80 Tuesday. With a quiet week of fundamental economic data in store to create volatility the pair will be driven by offshore developments such as continued trade discussions and NAFTA. Australian quarterly Capital Expenditure is due Thursday the only data of weight to keep markets awake. The bullish channel from the low of 79.60 is still in play and should correspond to a higher Aussie through to 82.70 this week.

Exchange Rates
Current Level: 81.72
Resistance: 82.70
Support:80.50
Last Week’s Range: 80.58 – 81.73

View AUDJPY chart

The Australian Dollar (AUD) Japanese Yen (JPY) pair spiked to 81.45 midweek with renewed support for the Aussie Dollar after weak Japanese data was released. Australian Construction figures printed better than expected at 1.60% from 0.7% helping to push the AUD higher. Thursday saw a sharp sell off from 81.30 levels with the cross falling back to 80.50. Watch for the Jackson Hole today for surprises.

Exchange Rates

The current interbank midrate is:AUDJPY 80.65
The interbank range this week has been:AUDJPY 80.46 – 81.47

View AUDJPY chart

As we expected and commented in the last commentary the Japanese Yen (JPY) Australian Dollar (AUD) pair remained in the 80.00 to 81.00 zone closing the week at 80.98. RBA governor Lowe spoke late Friday giving the Aussie a boost. We don’t see much on the calendar this week for the pair to make great variations to current price action, but we do have the release of the RBA August minutes out today along with second quarter construction Thursday. The Jen remains sensitive to the geopolitical scene with incoming headlines around US-China trade talks able to shift markets at ease.

Exchange Rates
Current Level: 80.79
Resistance: 82.80
Support: 79.70
Last Week’s Range: 79.72 – 80.96

View AUDJPY chart

Risk sentiment improved Thursday in currency markets and pushed the Australian Dollar (AUD) off its low of 79.60 to 80.70 against the Japanese Yen (JPY). Giving the Aussie a double boost was employment figures with the employment rate surprising markets and releasing at 5.30% from the 5.40% expected. The number of people employed slowed to -3,900 from the 15,000 expected but was overlooked against the improving official unemployment rate. We suspect the pair will complete the week around 80.00 to 81.00 with no data of significance to publish. RBA’s Lowe speaks today, we expect the normal recent rhetoric.

Exchange Rates

The current interbank midrate is:AUDJPY 80.60
The interbank range this week has been:AUDJPY 79.72- 81.83

View AUDJPY chart

The Australian Dollar (AUD) slipped below pivotal support Monday of 80.50 extending its recent declines to 80.40. Japanese quarterly GDP printed Friday at 0.50% from 0.3% expected bringing Yen bulls back at the table. Starting the week at 82.25 this represents nearly 200 points of depreciation for the Aussie Dollar. This week’s Australian unemployment data releases and should show a steady figure around 5.40% with approximately 15,000 people added to the Australian labor force. Wage growth is the key release for the week with recent figures disappointing.

Exchange Rates
Current Level: 80.48
Resistance: 82.70
Support: 80.00
Last Week’s Range:80.00 – 82.80

View AUDJPY chart

The Australian Dollar (AUD), Japanese Yen (JPY) pair has drifted lower over the week after reaching 82.80 Wednesday. Markets seemed a little risk averse from Thursday with investors buying the Yen. On Tuesday the RBA left the benchmark cash rate unchanged at 1.50% for two years running with the statement largely benign. Japanese prelim quarterly GDP prints Friday, anything south of the predicted 0.3% will could send the pair retesting 83.80

Exchange Rates

The current interbank midrate is:AUDJPY 81.80
The interbank range this week has been:AUDJPY 81.70 – 82.80

View AUDJPY chart

Australian Retail Sales released at 0.4% higher than the market predicted 0.3% pushing the Aussie Dollar (AUD) back in favour against the Japanese Yen (JPY) At one point spiking to 82.70 but drifting back to 82.30 where it stayed for the remainder of the week. Further sideways action has been the theme Monday with an Australian Bank Holiday creating lighter trading volumes. The RBA will announce their Cash Rate today at 4.30pm NZT with more of the same rhetoric expected and 1.50% to remain intact. Japanese prelim quarterly GDP prints Friday, anything south of the predicted 0.3% will could send the pair retesting 83.80.

Exchange Rates
Current Level: 82.21
Resistance: 84.00
Support: 80.65
Last Week’s Range: 82.01 – 83.21

View AUDJPY chart

After earlier heavy buying in the Australian Dollar (AUD) versus the Japanese Yen (JPY) to early week levels of 83.00 a two week, high the Australian Dollar lost ground sliding back to below the weekly open to 81.95. Investors became risk averse after further plans were made by President Trump to sting China again with potentially higher tariffs than the 10% forecasted. Aussie Retail Sales prints today and may give the struggling currency a chance recoup early losses.

Exchange Rates

The current interbank midrate is:AUDJPY 82.25
The interbank range this week has been:AUDJPY 81.87- 83.21

View AUDJPY chart

Today the Bank of Japan (BoJ) will announce their monetary policy statement and which is not expected to bring any surprises. No change in the (BoJ) Bank of Japan Cash rate is expected with the BoJ hinting recently they won’t tighten their ultra-loose policy before October this year. The Japanese Yen (JPY) Australian Dollar (AUD) cross sits plumb in the middle at 82.30 currently the long term range of 84.50 and 80.60 with direction tough to pick. If Australian Trade Balance prints well, we think the Aussie may hold the upper hand

Exchange Rates
Current level: 82.25
Resistance: 83.00
Support: 81.85
Last Week’s Range: 81.82 – 82.82

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View AUDJPY chart

The Australian Dollar (AUD) made small gains against the Japanese Yen (JPY) mid-week to 82.80 but was meet with sellers of JPY after risk gradually returned to markets. No change in the (BoJ) Bank of Japan Cash rate is expected next week with the BoJ hinting recently they won’t tighten their ultra loose policy before October this year. The cross sits in the middle of the current range band of 80.50 and 84.40 held since late February.

Exchange Rates

The current interbank midrate is:AUDJPY 81.96
The interbank range this week has been:AUDJPY 81.82 – 82.98

View AUDJPY chart

The Australian Dollar (AUD) is currently trading at lows of 82.10 against the Japanese Yen (JPY) after peaking at 83.90 last week on positive Aussie employment data. Lower equity and commodity values have weighed down the Australian Dollar (AUD). Heading into Australian CPI data tomorrow we are expecting a spike higher towards 83.00 with this data expected to be positive. Fibonacci calculations are also showing support at 82.00

Exchange Rates

Current Level: 82.10

Resistance: 82.70

Support: 81.80

Last Week’s Range: 81.82 – 83.86

View AUDJPY chart

This cross traded to a high of 83.91 yesterday after the Aussie employment data, is now back at 82.63 as the AUD is weighed down by the lower commodity prices…expected to hold around current levels to close the week, but continuing commodity weakness may see the AUD test support levels on this cross next week.

Exchange Rates

The current interbank midrate is:AUDJPY 82.52
The interbank range this week has been:AUDJPY 82.29 – 83.86

View AUDJPY chart

Light trading in the JPY due to the Japanese public holiday yesterday has seen this cross trade to 83.38 a take out of the 84.00 level looks unlikely today given the expected weaker RBA minutes tone, but if Aussie data later this week for employment remains positive a further move to the 84.00 and beyond is possible.

Exchange Rates
Current Level: 83.31
Resistance: 84.25
Support: 82.00
Last Week’s Range: 82.10 – 83.68

View AUDJPY chart

The Australian Dollar (AUD) has taken care of 83.00 midweek against the Japanese Yen (JPY) travelling through resistance with ease to 83.60 Friday. Risk sentiment improved Thursday with risk associated currencies all trading higher from recent lows. Equities in particular the Nasdaq is 1.4% higher. With the pair sitting at a four week high up from last week’s low of 81.00 we think the cross could make a play for 84.30 if Aussie data remains positive, monetary minutes is due Tuesday. Japan Holiday Monday with “Marine Day” will create thin markets.

Exchange Rates
The current interbank midrate is:AUDJPY 83.48
The interbank range this week has been:AUDJPY 81.63- 83.60

View AUDJPY chart

The Australian Dollar (AUD) has continued to travel into thin air this week against the Japanese Yen (JPY) registering 83.00 up 1 cent from the weekly open. We have seen good flows into the Aussie Dollar with Risk markets improving this week,, equities and commodities both posted gains over 1.00% with the Aussie looking towards 84.00 the next target. Buyers of Yen should consider levels above 82.50 as this represents good buying from the low in mid-March of 80.60

Exchange Rates
Current Level: 82.99
Resistance: 84.25
Support: 82.00
Last Week’s Range: 81.03 – 83.03

View AUDJPY chart

The Australian Dollar (AUD), Japanese Yen pair has bounced around between 81.00 and 82.00 this week with thin markets creating extra volatility. Risk sentiment seems to have improved a little as the week has gone on. The RBA warned of future global strains to economies sighting the Trump trade war a real worry to everyone with more direction of international trade policy needed. Buyers of JPY should look towards spikes around 82.50 as this level represents good buying based on the last 3 months of Aussie weakness.

Exchange Rates

The current interbank midrate is:AUDJPY 81.77
The interbank range this week has been:AUDJPY 81.06 – 82.10

View AUDJPY chart

The RBA cash rate announcement yesterday saw the benchmark rate stay on hold at 1.5% the Japanese Yen (JPY), Australian Dollar (AUD) pair not moving an inch over the announcement from 81.60. The statement by Governor Lowe which followed gave us nothing really new to consider, wage growth needs to improve along with lower household debt and higher inflation the concerns. The RBA also warned of future global strains to economies sighting the Trump trade war a real worry to everyone with more direction of international trade policy needed. Buyers of JPY should look towards spikes around 82.50, this level represents good buying based on the last 3 months Aussie decline.

Exchange Rates
Current Level: 81.71
Resistance: 82.00
Support: 80.70
Last Week’s Range: 80.70 – 82.10

View AUDJPY chart

The Australian Dollar (AUD) has endured a rocky week against the Japanese Yen (JPY) based on a lack of Australian local data; the pair has been rather choppy with a lack of volume created extra volatility. Japanese Retail Sales and Core CPI both disappointed coming in below expectation but overall the Aussie is lower from the weekly open trading down to 80.70 before bouncing higher to 81.00. After sod all to be excited by this week markets look to the RBA rate statement next Tuesdayfor further stimulus and direction. Sellers of the Yen (JPY) should consider at these current levels around the lows.

Exchange Rates
The current interbank midrate is:AUDJPY 81.52
The interbank range this week has been:AUDJPY 80.70- 81.90

View AUDJPY chart

The Australian Dollar opened weaker against the Japanese Yen as investors sought the safe haven of the Japanese Yen (JPY). With Donald Trump issuing more rhetoric around trade threats markets bought the JPY. The pair dropped below 81.00 but has since reversed back to 81.50 as tensions eased overnight. The Aussie Dollar has an extremely light calendar of economic data publishing this week so the only focus on the pair will be Japanese Retail Sales and the Unemployment rate of note. Both these announcements traditionally have not moved the market, so direction will be guided by offshore developments such as the ongoing trade war.

Exchange Rates
Current Level: 81.21
Resistance: 82.50
Support: 80.50
Last Week’s Range: 80.63 – 81.90

View AUDJPY chart

The Australian Dollar (AUD) has found support around 81.00 against the Japanese Yen (JPY) Fridayafter dropping earlier in the week to 80.60. Australia House Price Index (HPI) printed better than the expected -0.9% at -0.7% bringing the Aussie off its low as the two largest cities Melbourne and Sydney showed less of a decline in property prices than economists were predicting. The long term support level of 80.50 seems to be holding for the meantime but a decline through here reads thin air and could bring about a retest of 76.00 back to late 2016 prices.

Exchange Rates

The current interbank midrate is:AUDJPY 81.26
The interbank range this week has been:AUDJPY 80.63 – 82.83

View AUDJPY chart

The Australian Dollar (AUD) has fallen away sharply Thursday against the Japanese Yen (JPY) to 82.70. Lowe didn’t help the Aussie when he continued with the same rhetoric with “slow and steady”, any hikes in rates would not happen until wage price inflation improves. The bank of Japan is expected to make no changes to monetary policy today on the conclusion of its two day meeting. Karoda will speak on Inflationary targets and improved economic wage growth being essential. Japanese Core inflation has fallen to 0.7% for April showing underlying weakness with the target of 2% now a mile away. The pair is trading bang in the middle of the range from 81.00 and the high of 84.50 trading currently at 82.80 slightly lower than the weekly open price suggesting a retest back to late May’s level of 81.00 could eventuate

Exchange Rates
The current interbank midrate is:AUDJPY 82.46
The interbank range this week has been:AUDJPY 82.37- 84.15

View AUDJPY chart

With an Australian Holiday Monday trading in the Australian Dollar (AUD), Japanese Yen (JPY) was thin. With Japanese Machinery orders printing up on expectations this boosted the JPY early before Aussie bulls took over taking the pair to 83.80. Australian employment numbers release on Thursday along with the Japanese monetary statement on Friday should give us plenty of movement in the pair. Technically it’s still trading in a sideways range from mid February with a break above 84.50 needed to push back to early year levels of around 89.00.

Exchange Rates
Current Level: 83.65
Resistance: 84.50
Support: 82.70
Last Week’s Range: 82.61 – 84.51

View AUDJPY chart

A hawkish RBA statement gave the Australian Dollar further support against the Japanese Yen (JPY) travelling to 84.50 before falling back to 83.60. Japanese wage growth took a hit along with the way the Japanese people are spending their cash (average cash earnings), both were unexpectedly weaker highlighting ongoing issues for higher inflation. The safe haven JPY has not come into play over the past few days with positive market mood the Aussie has extended gains from the low of 81.10 from 30th of May. We would suggest if further risk plays out we could see a retest of 85.00 if the Aussie is able to break past resistance of 84.50.

Exchange Rates
The current interbank midrate is:AUDJPY 83.58
The interbank range this week has been:AUDJPY 82.22 – 84.51

View AUDJPY chart

Markets were back into risk currencies midway through the week with the Australian Dollar (AUD) trading higher against the Japanese Yen (JPY) pushing off its low of 81.00 back at the top of its recent range of 82.35 Wednesdays Australian Building approvals released at -5% down on the -2.9% prediction created selling interest in the pair prior to the retracement. A break above resistance of 84.40 would signal momentum to the top side with a possible retest of 86.00 in sight.

Exchange Rates

The current interbank midrate is:AUDJPY 82.49
The interbank range this week has been:AUDJPY 81.06 – 83.15

View AUDJPY chart

Risk averse markets took hold of the Australian Dollar (AUD) in recent days as investors sought the safer Japanese Yen (JPY) across as range of JPY pairs. Against the Aussie Dollar (AUD) the pair is currently trading at the two week low of 82.25 with further downside expected. Boosting the JPY was a stronger than expected (PPI) Producer Price Index as it printed at 0.9% for April well above the expected 0.5%, the largest gain since September 2017. A further retest of 81.15 is creeping closer. Kuroda speaks Wednesday along with Aussie Building Approvals.

Exchange Rates

Current Level: 82.05

Resistance: 83.15

Support: 81.80

Last Week’s Range: 81.37 – 84.48

View AUDJPY chart

The Australian Dollar started the week well pushing up to 84.40 against the Japanese Yen with risk on markets but was soon weaker as sentiment shifted to a risk averse market. RBA governor Lowe spoke Wednesday night and highlighted debt risks facing China since the GFC of 2008 and how they could impact on the Australian economy given the strong trading relationships the two countries have. An article published in a Chinese newspaper said -make Australia pay for its arrogant attitude by cutting the quantity of wine and beef imports. Negative reporting of China by Australian Media have recently strained relationships. We suspect as normality in the markets resumes next week we should see a higher AUD.

Exchange Rates

The current interbank midrate is:AUDJPY 83.00
The interbank range this week has been:AUDJPY 82.39 – 84.47

View AUDJPY chart

The Australian Dollar (AUD) has extended gains from last week into Tuesday trading pushing higher in the overnight sessions to travel to 84.18. Starting the week around 83.40 Japanese Trade Balance printed well but never made a dent as Aussie Conference Board numbers gave the AUD a further boost. We commented in an earlier commentary we thought the pair could make a push for 84.00 based on recent momentum which is hat has eventuated. From here 84.30 is showing strong resistance then 85.80 if support for the Aussie continues. RBA governor Lowe speaks later in the week.

Exchange Rates

Current Level: 84.15

Resistance: 84.40

Support: 83.60

Last Week’s Range: 82.19 – 84.23

View AUDJPY chart

The Australian Dollar (AUD) has continued to extend last week’s push higher from 81.10. Mixed Aussie unemployment data published Thursday showed a higher employment rate of 5.5% to 5.6% but the economy added 22,600 jobs in April up on the 22,600 expected. The Aussie edged higher to a fresh monthly high of 88.12. We may see a retest of 84.00 over the next week if recent data is anything to go off.

Exchange Rates

The current interbank midrate is:AUDJPY 83.25

The interbank range this week has been:AUDJPY 82.19- 83.38

View AUDJPY chart

The Australian Dollar (AUD) Japanese Yen (JPY) pair continues to show a lack of any real direction. We have seen the Aussie stronger lately since the RBA announcement and Australian Budget however, the pair coming off its five week low of 81.10 travelling to 82.50 would suggest some ongoing momentum towards 84.00 as long as RBA policy meeting minutes are hawkish showing continued growth. Unemployment figures and wage price index will be very important later in the week.

Exchange Rates

Current Level: 82.60

Resistance: 84.00

Support: 81.10

Last Week’s Range: 81.14-82.79

View AUDJPY chart

The downward trend lower continued midweek for the Australian Dollar (AUD) against the Japanese Yen (JPY) falling below the support level of 81.70 it dropping to a 5 week low of 81.12 where it levelled out. The Australian Budget was seen as positive with tax cuts on the horizon for the Australian people – long overdue. The Aussie rallied back over the 82.00 handle where it looks comfortable. Next week we see Australian unemployment and the quarterly wage price index, both should support a higher Australian Dollar back towards 83.00 levels.

Exchange Rates

The current interbank midrate is:AUDJPY 82.28

The interbank range this week has been:AUDJPY 81.14- 82.47

View AUDJPY chart

Despite the AIG construction index printing well and NAB business coming in above expectation the Australian Dollar (AUD) was sold off vs the Japanese Yen (JPY) during early Monday trading. Reaching a low of 81.70 it has recovered slightly but looks to travel lower if we follow the trend channel from the high of 84.00 mid April. Australian retail sales the most significant piece of data for the week has printed down on expectations of 0.2% at 0.0% and has impacted on the recent Aussie optimism the pair falling away to 81.70. The Australian annual budget will be read tonight 9.30 NZ time. The focus will be on tax breaks with a wad of cash sitting in the government coffers.

Exchange Rates

Current Level: 81.70

Resistance: 82.50

Support:  81.20

Last Week’s Range: 81.69 – 82.65

View AUDJPY chart

Japanese consumer confidence printed well down on expectations at 43.6 compared to 44.6 as predicted pushing the Japanese Yen (JPY), Australian Dollar (AUD) back to 81.70 the lowest level since the 4th of April. The Aussie Dollar then staged a comeback to 82.20 but couldn’t break through 82.40 resistance. The RBA monetary statement is released today with more of the same rhetoric expected around slow but solid growth expected.

Exchange Rates

The current interbank midrate is:AUDJPY 82.40

The interbank range this week has been:AUDJPY 81.76- 82.72

View AUDJPY chart

A choppy week for the Japanese Yen (JPY) , Australian Dollar (AUD)  cross with the pair  trading in a tight range. Closing the week around 82.65 after being as high as 83.10 the Aussie still remains under pressure long term. We have seen further weakness develop Tuesday as pair struggles to stay above 82.40 support. The mid march low of 80.50 is in jeopardy if we have a dovish RBA statement.

Exchange Rates

Current Level: 82.40

Resistance: 83.90

Support: 82.00

Last Week’s Range: 82.24 – 83.08

View AUDJPY chart

This cross has opened around 82.56 this morning with little direction , low for the week has been 82.44 with a high of 83.08 so only a small range traded as the market looks for more data to provide direction…Todays BoJ statement is expected to be consistent with existing monetary policy , but there is some Japanese data later this afternoon that may set direction for next week….overall we favour a softer AUD on this cross.

Exchange Rates

The current interbank midrate is:AUDJPY 82.59

The interbank range this week has been:AUDJPY 82.44 – 83.15

View AUDJPY chart

This pair saw sharp declines in the latter stages of last week, driven lower by soft Australian employment data. So far this week the pair has consolidated in a tight range around 82.60, but that could all change in a few hours’ time with Australian inflation data hits the wires. That release will be the driver of the AUD over the next few days. Support is seen around the 82.00 mark, while on the topside there is resistance toward 83.40.

Exchange Rates

Current Level: 82.67

Resistance: 83.40

Support: 82.00

Last Week’s Range: 82.44 – 83.94

View AUDJPY chart

The Australian Dollar (AUD) has remained under pressure over the week against the Japanese Yen (JPY) with markets offloading the Aussie. Equities have all been lower taking the Aussie with it to a low of 82.75 Friday. Australian unemployment figures printed worse than expected and contribute to the demise. Next week we have Japanese monetary policy and rate announcement. Buyers of JPY should take not of current support at 82.60 if the pair drops through here it could go to 80.00

Exchange Rates

The current interbank midrate is:AUDJPY 83.05

The interbank range this week has been:AUDJPY 82.86- 84.06

View AUDJPY chart

The Australian Dollar (AUD) travelled to a new high Thursday of 83.30 against the Japanese Yen (JPY) after risk markets initially pushed the pair to fresh monthly level. FOMC minutes was generally positive, the Fed saying they would continue as forecast despite ongoing trade war concerns. Buyers were soon into the US Dollar (USD) as risk appetite dissipated strengthening the Yen (JPY) Buyers of JPY should consider current levels through to 84.50 as it looks well capped. The bullish trend from the low of 80.50 looks well intact.

Exchange Rates

Current Level:  83.16

Resistance:84.50

Support:  80.50

Last Week’s Range: 82.54 – 84.06

View AUDJPY chart

The Australian Dollar (AUD) travelled to a new high Thursday of 83.30 against the Japanese Yen (JPY) after risk markets initially pushed the pair to fresh monthly level. FOMC minutes was generally positive, the Fed saying they would continue as forecast despite ongoing trade war concerns. Buyers were soon into the US Dollar (USD) as risk appetite dissipated strengthening the Yen (JPY) Buyers of JPY should consider current levels through to 84.50 as it looks well capped. The bullish trend from the low of 80.50 looks well intact.

Exchange Rates

The current interbank midrate is:AUDJPY 83.38

The interbank range this week has been:AUDJPY 81.97 – 83.52

View AUDJPY chart

The Australian Dollar (AUD) dipped late Friday on a worse than expected Non-Farm Payroll figure to 81.80 the low before closing at 82.00 the figure against the Japanese Yen (JPY). The Aussie Dollar (AUD) has made a slow start to the new week as it trades just up from the open at 82.20. the RBA financial stability review is later tin the week, the only local data of note. Technically the AUD/JPY looks solid around current levels but with another wave of bullish movement the Aussie Dollar will be wanting to stay clear of recent support at 80.50, weakness through here could spell a fall back to 75.00

Exchange Rates

Current Level: 82.78

Resistance: 83.20

Support:81.20

Last Week’s Range: 81.27 – 82.93

View AUDJPY chart

The Australian Dollar (AUD) has travelled well against the Japanese Yen (JPY) this week. Up from the open of 81.70, it was weaker early on in risk averse conditions, but has returned to favour pushing an 82.66 high as we suggested it would, before settling around 82.50. The RBA left rates unchanged Tuesday with a dovish tone saying it would be some time before GDP, wage growth and lower unemployment improved to be able to raise rates.

Exchange Rates

The current interbank midrate is:AUDJPY 82.45

The interbank range this week has been:AUDJPY 80.84- 82.65

View AUDJPY chart

The Australian Dollar (AUD) has been marginally stronger than the Japanese Jen (JPY) over the past week coming off the low of 80.60 in risk averse markets. Ranging around the 81.70 area for most of the week the Aussie needs some strong sessions to stay above 81.60 support. The RBA release their Cash Rate Tuesdaywhich is expected to stay unchanged at 1.5% with a 0% probability of a rise. Monthly Australian Retail Sales and Trade Balance publish later in the week, look for a break to 82.60

Exchange Rates

Current Level:  81.31

Resistance:82.00

Support: 80.50

Lsat Week’s Range: 80.80 – 81.99

View AUDJPY chart

The Australian Dollar (AUD has declined against the Japanese Yen (JPY) for the 7th straight week travelling down to a low Monday of 80.60 in risk averse markets. The Aussie has made a small recovery early in the week pushing back to 81.00. Support still lies with the Yen (JPY) with momentum firmly to the downside. This week sees Japanese Core CPI and Unemployment with RBA governor Kent speaking.

Exchange Rates

Current Level:  81.80

Resistance:83.15

Support: 80.50

Lsat Week’s Range: 80.53 – 82.41

View AUDJPY chart

The Australian Dollar (AUD) travelled to new lows over the week continuing to struggle against the Japanese Yen (JPY), breaking new lows through 81.50 to 81.20 where it currently trades Friday. 76.00 still looks a chance, the low of September 2016 if risk sentiment remains subdued, and equity markets continue to drop lower. Next week sees Japanese Core CPI and Unemployment with RBA governor Kent speaking.

Exchange Rates

The current interbank midrate is:AUDJPY 80.77

The interbank range this week has been:AUDJPY 80.53 – 82.68

View AUDJPY chart

The Australian Dollar (AUD) continues to fare poorly against the Japanese Yen (JPY) breaking lower down to 81.50 a level not seen since June 2017 and October 2017. At a pivotal level we see no support through to 76.00 if the Australian Dollar (AUD) continues to weaken. This week’s driver in the cross will be mostly risk sentiment with only Australian unemployment date of significance to publish.

Exchange Rates

Current Level: 81.90

Resistance: 84.20

Support: 80.00

Last Week’s Range: 76.08 – 78.57

View AUDJPY chart

The Australian Dollar (AUD) lost crucial yards through the week against the Japanese Yen (JPY) breaking the uptrend at the high of 84.45 it sank to 82.80. Investors preferring the JPY in risk off markets. Next week should offer further direction for the pair with the G20 meeting in place as well as Aussie (AUD) Unemployment figures and Japanese Manufacturing numbers. Technically the cross looks to go lower trading through the 40 day moving average, we may see 81.50 prior low of October 2016 tested.

Exchange Rates

The current interbank midrate is:AUDJPY 82.40

The interbank range this week has been:AUDJPY 82.61- 84.46

View AUDJPY chart

The Australian Dollar (AUD) pushed higher over the week against the Japanese Yen (JPY) coming from around 82.00 at the open it rallied to a high of 84.00 in a market where investors had plenty of appetite for risk. Breaking the downtrend from 88.70 over the week the Aussie (AUD) looks to regain prior losses comfortably trading through the 50 day moving average to 83.65 Tuesday– perhaps on its way to medium term resistance level of 84.20. The RBA governor Bullock and Debelle speak later in the week.

Exchange Rates

Current Level:  83.80

Resistance: 84.90

Support:81.50

Last Week’s Range:82-03-84.10

View AUDJPY chart

The Australian Dollar (AUD) regained some of the earlier week loses against the Japanese Yen (JPY) posting a high of 82.95 Thursday but falling back to 82.60 Friday leading into the BoJ Cash Rate announcement and Monetary Policy late Friday. The Japanese Yen has depreciated a long way this year coming from 89.00 this will be causing concerns for Japan as the Australian Dollar is frustratingly soft in comparison. With 40% of Government Bonds already purchased, the Bank of Japan will be running out of assets to buy. Support for the pair is 82.50, bouncing off this overnight we may just see the Aussie push through 83.00 after the BoJ announcement. 

Exchange Rates

The current interbank midrate is:AUDJPY 82.99

The interbank range this week has been:AUDJPY 81.53- 83.31

View AUDJPY chart

The Australian Dollar (AUD) suffered further losses over the last few days against the surging Japanese Yen (JPY) dropping to a fresh low of 81.48, these levels were last seen in April last year. At the open Monday the Australian Dollar (AUD) has recouped some of the recent losses trading back to 82.50. BoJ will release their cash rate and monetary policy statement Friday but not before the RBA release theirs Tuesday. With a lot riding on building momentum comments will no-doubt be hawkish- expect volatility over the rest of the week. Technically direction is anyone’s guess, I think the BOJ may have the edge eyeing the prior bottom of 81.50

Exchange Rates

Current Level: 82.85

Resistance:90.00

Support:75.80

Last Week’s Range:81.53 – 84.16

View AUDJPY chart

The Japanese Yen (JPY) Australian Dollar (AUD) cross has depreciated in value this week on Bank of Japan (BoJ) news that they will reduce the buying of long range Bonds. Japanese Retails Sales and CPI has also pushed the JPY back in favour among investors. We go all the way back to the bearish decline from June 2017 at 89.00 to get perspective on recent developments. As the Japanese economy improves we may see further declines- 81.50 the low of May 2017 which is only a hair’s breadth away may not hold. If trading continues through this point its thin air all the way to 76.00- Australian quarterly capital expenditure released Thursday afternoon was worse than expected pushed the price lower to 82.40.

Exchange Rates

The current interbank midrate is:AUDJPY 82.40

The interbank range this week has been:AUDJPY 82.16- 84.16

View AUDJPY chart

The Australian Dollar (AUD) has shrugged off dipping lower than 83.25 the long-term low, rebounding in thin markets Monday to ease back to 83.90. With no real news released of significance this week in Japan or Australia except quarterly Private Capital Expenditure Thursday we may see the AUD remain in favor over the short term back above 84.00 leading into next week.

Exchange Rates

Current Level:84.05

Resistance:84.53

Support:83.40

Last Week’s Range:83.28 – 84.86

View AUDJPY chart

The Australian Dollar (AUD) traded lower throughout the week surpassing recent support of 84.00, reaching a low of 83.50 in a Japanese Yen buying spree Thursday. Long range support of AUD/JPY is 81.70 as the Bank of Japan continue to buy JPY this has the effect of devaluing the JPY – good for exporters but increasing the prices of imported goods at the same time. No Japanese economic data published next week.

Exchange Rates

The current interbank midrate is:AUDJPY 83.70

The interbank range this week has been:AUDJPY 83.53- 84.86

View AUDJPY chart

The Australian Dollar lost ground against the Japanese Yen trading through support of 84.30 late last week as it still remains out of favor with investors and trades at a May 2017 levels around 84.20. One may expect a bounce back at some stage by the Australian Dollar given the speed of the recent decline, Aussie RBA Bullock speaks today and must impress.

Exchange Rates

Current Level: 84.40

Resistance:84.80

Support: 83.90

Last Week’s Range: 83.35 – 85.59

View AUDJPY chart

The Australian Dollar Japanese (AUD/JPY) cross has traded to 83.30 Wednesday before rebounding back to Mondays open of 84.80 where it currently sits. The resistance level is still seen at 85.40 with the Australian Dollar makes inroads Thursday after unemployment figures showed the Australian economy is robust.  I would expect this pair to trade at higher levels over the coming week.

Exchange Rates

The current interbank midrate is:AUDJPY 84.30

The interbank range this week has been:AUDJPY 83.35- 85.59

View AUDJPY chart

The Australian Dollar / Japanese cross (AUD/JPY) traded down to a post 23 November low of 84.50 before rebounding back early Tuesday to 85.40. The Australian Dollar looks to make further gains against the JPY this week setting its sights on near term resistance level of 86.00.

Exchange Rates

Current Level: 85.35

Support: 84.30

Resistance: 86.70

Last Week’s Range: 84.77 – 86.73

View AUDJPY charts

The AUD/JPY remains volatile bouncing between support of 84.50 and resistance of 89.50. Next week all eyes will be on this key support area at 84.50, if we break this the pair could make a push for the next support level of 81.50.

The current interbank midrate is:AUDJPY 84.66

The interbank range this week has been:AUDJPY 84.77 – 87.37

 

View AUDJPY chart

The AUD has weakened on this cross as the JPY has held against the USD advance better than the AUD. Now at 87.08, we expect trading to remain around current levels ahead of the RBA tomorrow. Relatively unclear trend but with the AUD lower across the board, a break of 86.70/75 would open up a target of 86.00.

Current Level: 86.99

Resistance: 89.70

Support: 86.70

Last Week’s Range: 86.90 – 88.33

 

View AUDJPY chart

Still no clear trend emerging, although AUD was lower after the disappointing CPI data yesterday. Pulling back to 87.62, is now back at 87.92, the AUD helped by the BoJ comments on continuation of their stimulus policy. Next week’s RBA policy statement may help in setting new direction for the AUD/JPY pair.

The current interbank midrate is:AUDJPY 87.92

The interbank range this week has been:AUDJPY 87.47 – 88.38

View AUDJPY chart

The last couple of days has seen the AUD mildly higher on this AUD/JPY cross. Now around 88.07 but with little clear direction. Australian CPI tomorrow may help in this regard and any result around 2% would likely see the AUD head over 89.00.

Current Level: 88.10

Support: 86.70

Resistance: 89.70

Last Week’s Range: 87.76 – 88.86

View AUDJPY chart

The AUD continues to drift south on this cross. After a high for the week at 89.05 it is trading around 87.81 just above the weeks lows at 87.69. With little movement today due to the Australian day holiday we look for consolidation at current levels ahead of next week’s Australian CPI release.

Exchange Rates

The current interbank midrate is:AUDJPY 87.73

The interbank range this week has been:AUDJPY 87.76 – 89.06

View AUDJPY chart

The AUD is now around 88.87 on this cross after a blip down to 88.36 yesterday. The AUD is also well supported on this AUD/JPY cross and with no upsets expected from the BoJ this afternoon, we still favour a push back over 89.00 over the next few days.

Exchange Rates

Current Level: 88.85

Support: 86.70 

Resistance: 89.70

Last Week’s Range: 87.72 – 89.01

View AUDJPY chart

Trended higher from 87.65 at the start of the week with the AUD now at 88.92 and has held around this level over the last 3 days, consolidation at current levels would build a base for a move back over 89.00 and target of 89.70.

Exchange Rates

The current interbank midrate is:AUDJPY 88.88

The interbank range this week has been:AUDJPY 87.40 – 89.01

 

View AUDJPY chart

After a low of 87.20 last week the AUD has climbed on this cross to currently trade around the 88.36 level. Further good data this week should see the AUD continue to build on gains against the JPY and a solid employment number on Thursday should see a push targeting the 89.00 mark.

Exchange Rates

Current level: 88.36

Support: 86.70

Resistance: 89.70

Last Week’s Range: 87.22 – 88.67

 

View AUDJPY chart

After opening around 88.68 on Monday this cross has slid to a low of 87.20 for the week, now around 87.77 as the AUD made back lost ground after yesterday’s good retail sales data. We look for the AUD to consolidate at current levels, building a base for further gains out into next week.

Exchange Rates

The current interbank midrate is:AUDJPY 87.78

The interbank range this week has been:AUDJPY 87.22 – 89.09

 

View AUDJPY chart

The trend on this cross favors the AUD having climbed from a level of 84.65 since the beginning of December. Now at 88.80 we look for a move over 89.00 to the 89.50 level buoyed by the higher risk sentiment. Any pullback in equity values would see the JPY attraction of a risk adverse asset surge, but for now look for continued AUD strength.

Exchange Rates

Current Level: 88.79

Support: 84.85

Resistance: 89.70

Last Week’s Range: 87.65 – 89.09

View AUDJPY chart

The AUD continues to grind higher against the Japanese Yen, now at 86.28 with 86.80 resistance in sight. The low risk environment has seen the JPY on the defensive over the last few weeks and even with stronger Japanese economic data the BoJ interest rate strategy remains unchanged for the next few months so this will benefit the AUD.

Exchange Rates

Current Level: 86.26

Support: 84.85

Resistance: 89.70

Last Week’s Range: 85.33 – 86.48

View AUDJPY chart

The AUD has climbed higher over the week on this cross coming from a low of 85.15 earlier in the week to 86.48. The AUD now looks the more solid on this pair, with next stop at 86.80 however any uptick in risk will see JPY values boosted as its safe haven status kicks in. Should hold around the 86.00-86.30 level to head into next week.

Exchange Rates

The current interbank midrate is: AUDJPY 86.12

The interbank range this week has been: AUDJPY 84.92 – 86.48

View AUDJPY chart

The Australian dollar (AUD) has gained against the Japanese Yen (JPY) over the past week, trading up from a low of 84.67 to a high last night of 85.52. Momentum on the move looks to be waning however and we may get some directionless trade ahead of Thursday’s key Australian employment data. If we get another solid employment result the AUDJPY’s rally may well continue.

Exchange Rates

Current Level: 85.44

Support: 84.50

Resistance: 86.25

Last week’s range: 84.68 – 86.20

View AUDJPY chart

This cross has traded sideways over the week in a 84.48-85.30 range, now at 84.84 and marking time waiting for a breakout, a change in risk profile would provide this.

Exchange Rates

The current interbank midrate is: AUDJPY 84.88

The interbank range this week has been: AUDJPY 84.51-85.84

View AUDJPY chart

The AUD/JPY shows the AUD is lower again on this cross, now at 84.90 after an 84.50 low yesterday, a break of this level would target 84.10 an uptick in risk has favoured the AUD on this cross, but this looks temporary and we favour  a test of 84.50 over the next day or so.

Exchange Rates:

Current Level: 84.83

Support: 84.40

Resistance: 89.70

Last week’s range: 84.51 – 86.84

View AUDJPY chart

AUD has slipped lower on this cross…now at 85.55 trading on the lows for the week…immediate support is at 85.40 a break of which would extend towards 84.90…JPY is still favoured side of this cross.

Exchange Rates:

The current interbank midrate is: AUDJPY 85.47

The interbank range this week has been: AUDJPY 85.49 – 87.25

 

View AUDJPY chart

The AUD is also lower on this cross, now at 86.68 with immediate support at 86.50 looking to be under threat..a break of this level would likely extend to 86.00 then 85.70…JPY is the favoured side in this pair.

Exchange Rates:

Current Level Support Resistance Last week’s range
AUD/YEN 86.68 85.40 89.70 86.47 – 87.68

View AUDJPY chart

Currently around 87.45 up from a 3 day low of 87.14 seen yesterday…barring any RBA surprises today, we look for a test of 88.00 over the next 12/24 hrs , immediate support is at 86.90.

Current Level Support Resistance Last week’s range
AUD/YEN 87.43 85.40 89.70 86.70 – 88.00

View AUDJPY chart

The AUD has slid lower against the JPY on the softer Aussie retail sales data, from 88.01 to to 87.60, immediate support is at 87.50 then around 86.90.

The current interbank midrate is: AUDJPY 87.61

 

The interbank range this week has been: AUDJPY 86.70 – 88.00

 

View AUDJPY chart

The AUD continues to trend lower on this cross, now at 86.85 with immediate support at 86.54. BoJ statement later today is expected to hold the line with current policy but the weaker AUD/USD trend looks to continue to weaken this cross for the AUD.

Current Level Support Resistance Last week’s range
AUD/YEN 86.87 85.40 89.70 86.79 – 88.68

View AUDJPY chart

Sideways action on this cross, now at 88.22 in directionless trading, if pushed the JPY is our pick as data has been more positive and any risk uptick will favour JPY safe-haven status.

Current Level Support Resistance Last week’s range
AUD/YEN 88.43 85.40 89.70 88.00 – 88.88

View AUDJPY chart

The Australian dollar has drifted lower throughout the week on this cross, now at 88.30 and we expect a test of 87.60/65 support level early next week.
The current interbank midrate is:    AUDJPY 88.28

The interbank range this week has been:    AUDJPY 88.03 – 89.67

View AUDJPY chart

The AUD has drifted lower, down from 89.20 against the JPY most of the week, now at 88.57 it has halted the decline but with the Nth Korean tensions continuing the JPY still enjoys safe-haven flows…should hold around current levels to end the week, but more AUD downside is favoured next week.
The current interbank midrate is:    AUDJPY 88.56

The interbank range this week has been:    AUDJPY 88.06 – 90.30

View AUDJPY chart

After a high for the week yesterday at 88.72 the AUD is now lower at 88.03 on stronger flows to the JPY after this morning’s NK missile launch…Aussie data this week has been supportive and should remain so next week after risk-averse sentiment declines.
The current interbank midrate is:    AUDJPY 88.05

The interbank range this week has been:    AUDJPY 86.69 – 88.74

View AUDJPY chart

The AUD topped out at 87.88 on Friday on this cross. It  is now back at 87.50  after the reduction in risk sentiment has weakened the JPY …expect flat trading ahead of Aussie jobs data on Thursday or any increase in risk aversion.

Current Level Support Resistance Last week’s range
AUD/YEN 87.57 85.40 87.50 86.58 – 87.89

View AUDJPY chart

The AUD has rallied on this cross, now back at 87.55 with next stop at 87.90 then 88.70 but JPY is favoured due to geopolitical risks…immediate support is at 85.70
The current interbank midrate is:    AUDJPY 87.52

The interbank range this week has been:    AUDJPY 86.58 – 87.60

View AUDJPY chart

The AUD continues to drift lower as the JPY is bolstered by risk-off sentiment, now at 86.90 and may push back over 87.00 towards 87.30/40 on good data , but ultimately Korean fears are currently driving JPY safe-haven values

Current Level Support Resistance Last week’s range
AUD/YEN 86.97 85.40 87.50 86.16 – 87.80

View AUDJPY chart

The AUD has had a better  last few days having made an 87.79 high 4 days ago , is now easier at 87.45 and direction is uncertain, latest JPY economic data has been softer but safe-haven status overhangs this cross, should hold around current levels into first few days of next week.
The current interbank midrate is:    AUDJPY 87.47

The interbank range this week has been:    AUDJPY 85.72 – 87.80

View AUDJPY chart

The AUD is weaker on this cross now at 86.20 but within the previous range….the renewed risk-off tone puts the AUD under pressure against the JPY and 85.40 support looks vulnerable, if broken look for an extension to the 84.90 level.

Current Level Support Resistance Last week’s range
AUD/YEN 86.21 85.40 87.50 85.72 – 87.10

View AUDJPY chart

Continues to trade in a narrow range on this cross, now at 86.60 with little clear direction, we expect the current 87.50-85.40 range to hold out into next week when we get more data.
The current interbank midrate is:    AUDJPY 86.58

The interbank range this week has been:    AUDJPY 85.94 – 87.02

View AUDJPY chart

The AUD has traded sideways on this cross, now at 86.75 after the softer JPY overnight as the risk-averse tone weakens…we still favour the JPY on this cross especially as more recent  Japanese data has been better…should hold above 86.10/20 for the next couple of days.

Current Level Support Resistance Last week’s range
AUD/YEN 86.73 85.40 87.50 86.00 – 87.54

View AUDJPY chart

Like its kiwi counterpart, the AUD has been knocked by the JPY risk-off boost, now at 86.35 after a high earlier in the week at 87.54…should hold around current levels but if risk -off tone prevails next week look for more AUD weakness on this cross.
The current interbank midrate is:    AUDJPY 86.39

The interbank range this week has been:    AUDJPY 85.46 – 87.54

View AUDJPY chart

The AUD is back up on this cross at 86.70 as the risk tone reduces, also helping is better Japanese economic data …should hold at current levels over the next few days support is down at 85.40..

Current Level Support Resistance Last week’s range
AUD/YEN 86.72 85.00 86.80 85.46 – 87.77

View AUDJPY chart

The AUD is sharply lower on the JPY now at 85.84 from the 88.00 seen earlier in the week. Further declines are likely to test 85.00…
The current interbank midrate is:    AUDJPY 85.53

The interbank range this week has been:    AUDJPY 85.51 – 88.02

View AUDJPY chart

The AUD is around 87.60 trading in a sideways pattern, this cross is all about JPY strength against the USD and we look for the AUD to move lower against the JPY over the course of the week…86.80 beckons.

Current Level Support Resistance Last week’s range
AUD/YEN 87.54 86.80 87.90 87.37 – 88.54

View AUDJPY chart

The AUD has broken the key reversal level of 87.90 and is now down at 87.62 on this cross and given the more settled political situation in Japan post the reshuffle by PM Abe, look for a test of 86.80 next week…
The current interbank midrate is:    AUDJPY 87.61

The interbank range this week has been:    AUDJPY 87.37 – 88.82

View AUDJPY chart

It’s been a volatile week for this pairing. The Australian dollar surged to recent highs against the Japanese Yen yesterday, driven by broad based USD weakness, in a continuation of the strong rally we have seen since early June. That rally remains well intact for the time being and only a break below trend support, now seen at 87.90, would bring that into question. Until then further gains are likely. That being said, there are signs that momentum is starting to wane and any break below that 87.90 support would likely confirm the rally is over and encourage further selling. Markets don’t go one way forever, and this rally is starting to get a little ‘long in the tooth’. So while we need to see a definite sign of weakness before we can say the rally is over, I certainly wouldn’t be recommending selling JPY and buy AUD at these levels.
The current interbank midrate is:    AUDJPY 88.63

The interbank range this week has been:    AUDJPY 87.66 – 89.42

View AUDJPY chart

Although the Australian dollar has had a significant pull back from recent highs against the Japanese Yen, it has yet to even test key trend line support currently around 87.40. It would take a break below that level to signal the broader uptrend has come to an end. The pair made fresh cycle highs at 89.28 last week, before correcting low to now trade around 88.00. It has been as low as 87.64, but while key support at 87.40 contains any period of weakness, the focus remains on the topside and potential further gains. Key to near term direction however is likely to be tomorrow’s release of Australian inflation data which will be closely watched.

Current Level Support Resistance Last week’s range
AUD/YEN 88.16 87.40 89.30 0.9875 – 1.0056

View AUDJPY chart

The Australian dollar has seen solid gains against the Japanese Yen this week, in a continuation of the strong rally that started back in early June. The pair managed to break above resistance at 88.20 and that’s opened the way for further gains. The high so far has been 89.28 and there are no signs this rally is done yet. Major trend support now comes in around 87.20 and there will no doubt be plenty of buyers if we happen to get a pull back toward that level. As long as the market holds above that trend support, the focus remains on the topside.
The current interbank midrate is:    AUDJPY 88.91

The interbank range this week has been:    AUDJPY 87.50 – 89.28

Current Level Support Resistance Last week’s range
AUD/YEN 88.16 87.40 89.30 0.9875 – 1.0056

View AUDJPY chart

The Australian dollar has been in a strong uptrend against the Japanese Yen since the beginning of June. That trend continued this week as the AUD outperformed most other currencies. The pair surged to cycle highs of 88.22 last night. That 88.20 area is however key resistance marking the high made back in early February. It should provide a tough barrier for further gains now as well. Today RBA minutes may well be the deciding factor in determining whether the pair can break above that level. Later in the week we also have Australian employment data and the Bank of Japan meeting to digest.

Current Level Support Resistance Last week’s range
AUD/YEN 87.70 86.60 88.20 86.66 – 88.22

View AUDJPY chart

Japanese Yen weakness has been the dominant driver of this pair over recent weeks as prices have been trending higher. Resistance around 87.50 is now in sight and it would take a move below support at 85.80 to suggest the uptrend has run its course. Until then, look for further tests higher.

Current Level Support Resistance Last week’s range
AUD/YEN 86.77 85.80 87.50 85.67 – 86.93

View AUDJPY chart

Has drifted lower from the earlier in the week 86.97 high, now around 86.15 next support is around 84.90, but should hold above 86.00 heading into next week.
The current interbank midrate is:    AUDJPY 86.21

The interbank range this week has been:    AUDJPY 85.67 – 86.93

View AUDJPY chart

Has made a 3 ½ month high at 86.97 earlier today , is now at 86.88 and providing no RBA upset a move over 87.00 looks likely …immediate resistance is at 87.10

Current Level Support Resistance Last week’s range
AUD/YEN 86.88 85.60 87.10 84.86 – 86.93

View AUDJPY chart

Now around 86.12 after 84.10 early in the week, AUD fundamentals now look better against the JPY and we expect the AUD to push back over 86.50 next week.
The current interbank midrate is:    AUDJPY 86.08

The interbank range this week has been:    AUDJPY 84.01 – 86.54

View AUDJPY chart

Sitting around 84.98 the AUD has made good gains over the last two days after a low of 83.71 last week…next stop is 85.10 then 85.60/70.

Current Level Support Resistance Last week’s range
AUD/YEN 84.95 84.00 85.75 83.73 – 85.08

View AUDJPY chart

Now at 84.75 after a month high overnight at 84.90, the AUD looks solid on this cross and looks on target to retest resistance at  85.75 last seen in March

Current Level Support Resistance Last week’s range
AUD/YEN 84.76 83.00 85.75 82.86 – 84.88

View AUDJPY chart

Back at a month’s high at 84.42 for the AUD and looks set to push on to 85.06 early next week as the AUD settles into these higher levels …
The current interbank midrate is:    AUDJPY 84.36

The interbank range this week has been:    AUDJPY 82.60 – 84.49

View AUDJPY chart

The AUD is holding firm on this cross, now at 83.15 back a little from the 83.38 high seen last week….another push towards 83.40 cannot be discounted later in the week.

Current Level Support Resistance Last week’s range
AUD/YEN 83.10 82.00 83.40 81.81 – 83.39

View AUDJPY chart

The AUD has strengthened on the more risk-on tone , now around 82.88 , immediate resistance is next  at 83.40 achievable over the next few days if the risk tone remains unchanged…
The current interbank midrate is:    AUDJPY 82.86

The interbank range this week has been:    AUDJPY 81.79 – 82.99

View AUDJPY chart

Has good support at 81.90 and currently trading around 81.98 , expect little change ahead of RBA later today , but Aussie GDP tomorrow could provide a catalyst to trade sub 81.50 support level.

Current Level Support Resistance Last week’s range
AUD/YEN 81.99 81.50 82.45 81.81 – 82.95

View AUDJPY chart

The AUD has made hard work on this cross, gradually drifting lower this week currently around 82.45 but we look for 82.00 to be tested next week.
The current interbank midrate is:    AUDJPY 82.42

The interbank range this week has been:    AUDJPY 81.91 – 82.98

View AUDJPY chart

Sitting around 82.38 after a high last week of 83.87 , initial support is at 81.75 but looks to be in consolidation mode at the moment, a move back into the 82.00 region is favoured over the next day or two.

Current Level Support Resistance Last week’s range
AUD/YEN 82.34 81.75 84.00 82.25 – 83.87

View AUDJPY chart

The AUD is back at 83.30 as the risk-on climate weakens the JPY, next resistance level is at 84.00 but we expect the AUD to consolidate at current levels before attacking this level, immediate support at 82.32 should hold over the next few days.

Current Level Support Resistance Last week’s range
AUD/YEN 83.22 82.32 84.00 81.81 – 84.40

View AUDJPY chart

Managed to hit 84.50 but has been knocked lower to 81.76 as JPY safe-haven re-asserted on the US political turmoil…now at 82.51, but AUD tone looks soft and we favour another test of 81.75 next week which could extend to 81.50 if more safe-haven flows occur.
The current interbank midrate is:    AUDJPY 82.68

The interbank range this week has been:    AUDJPY 81.81 – 84.51

View AUDJPY chart

Started the week higher at 84.15 for the AUD, 83.61 should provide support and if gains are held above 84.00 a push to 84.50 looks possible in the next day or so.

Current Level Support Resistance Last week’s range
AUD/YEN 84.06 82.70 84.50 83.21 – 84.51

View AUDJPY chart

Sideways trading, now at 83.82 and looking for breakout direction next week , AUD downside is still favoured…82.70 beckons..
The current interbank midrate is:    AUDJPY 83.85

The interbank range this week has been:    AUDJPY 82.68 – 84.34

View AUDJPY chart

AUD continues to weaken on this cross, now at 83.35 after a high of 84.50 last week, is trading in a narrow range looking for direction. The downside is favoured on this cross.

Current Level Support Resistance Last week’s range
AUD/YEN 83.30 82.70 84.50 82.68 – 84.54

View AUDJPY chart

Trended lower over the week from 84.52 to current levels around 83.20, given continued commodity softness we see AUD weakness continuing next week.
The current interbank midrate is:    AUDJPY 83.09

The interbank range this week has been:    AUDJPY 82.99 – 84.54

View AUDJPY chart

The AUD has been as low as 82.72 over the week , is now back around 84.32 and looks solid for a push to the 85.00 mark…may need the US data out of the way before an attempt is made…look for consolidation slightly above current levels..

Current Level Support Resistance Last week’s range
AUD/YEN 84.37 82.70 85.00 82.74 – 84.51