The Australian Dollar registered modest losses of around 0.17% against the Japanese Yen on Thursday and slipped below 104.00 to hit a two-week low of 103.89.
AUD/JPY registers losses, hitting a two-week low of 103.89 before stabilizing at 104.00. Technical outlook shows upward bias, but recent 'evening star' pattern indicates potential for further downside. Key levels to watch: Resistance at 104.50 and 104.94 YTD high; support at 103.27 and 102.42 . As Friday’s Asian session begins, the AUD/JPY trades at 104.00, virtually flat.
That said, the AUD/JPY's next resistance level would be 104.50, followed by the YTD high at 104.94. Conversely, if the cross extends its losses past Thursday’s low of 103.89, that could exacerbate the pair’s downfall toward the Senkou Span A support level at 103.27 before challenging the Kijun-Sen at 102.42. AUD/JPY Price Action – Daily Chart AUD/JPY Overview Today last price 104.02 Today Daily Change -0.19 Today Daily Change % -0.18 Today daily open 104.21 Trends Daily SMA20 103.
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