Tue, 05 Nov 2024 16:12:07 GMT
AUD/JPY recovery faces resistance
The AUD/JPY was approaching the 110.00 mark, as the Bank of Japan changed policy and started monetary tightening. The change of policy resulted in a drop of the pair as low as 90.00. However, it was followed by a recovery that eventually stopped near the 102.00 mark and the 200-day simple moving average.
A move above the 102.00 mark