Ready to trade?

It's quick and easy to get started – even with a small deposit. Apply in minutes with our simple application process.

Chart of the Day: AUDJPY

Current subdued market volatility and demand for risk-on equity markets has suppressed the Japanese yen lately, so AUDJPY is enjoying an uptrend run from its August lows.

AUDJPY daily chart

The market has shrugged off recent geopolitical tensions and AUDJPY is about to retest the 19 December high and long-term resistance at 76.15, where traders have expressed willingness to sell. AUDJPY will continue moving sideways as USDJPY forges a similar path.

Last Friday's upbeat print of Australian retail sales at 0.9% vs 0.4% expected, the highest in 8 months, helped the pair climb to the key technical level.

The US-China phase one deal is all done and dusted but failing to raise volatility as the market has already priced in the story.

Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information provided here, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.

24/5 Support