The Australian Dollar surged to a new 17-year high of 106.37 against the Japanese Yen as the Bank of Japan failed to increase interest rates on its latest monetary policy decision, which weighed on the Japanese currency.
AUD/JPY hits a 17-year peak at 106.37, following the BoJ's decision to maintain interest rates. Technicals indicate a strong uptrend with RSI in bullish territory; upcoming resistance at 106.50 and 107.00. Support levels include Tenkan-Sen at 104.98, Senkou Span A at 104.73, and Kijun-Sen at 104.49. Therefore, the AUD/JPY rallied higher and traded at 106.22, up 0.16%.
UP next would be the October 2007 peak at 107.86. Conversely, if the cross-pair extends its losses past 106.00, the first support would be the Tenkan-Sen at 104.98, followed by the Senkou Span A at 104.73. Once cleared, the bull’s last line of defense would be the Kijun-Sen at 104.49. AUD/JPY Price Action – Daily Chart AUD/JPY Overview Today last price 106.26 Today Daily Change 0.12 Today Daily Change % 0.11 Today daily open 106.14 Trends Daily SMA20 104.35 Daily SMA50 102.95 Daily SMA100 100.
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