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AUD/JPY Price Analysis: Stumbles below the 96.00 figure on risk-off impulse
The AUD/JPY is slightly advancing as the Asian Pacific session begins after the US Federal Reserve decided to raise rates as widely expected. Nevertheless, on Wednesday, the cross-currency dropped by 0.62% as market sentiment shifted sour, as market participants sought safe-haven assets, meaning the US dollar and the Japanese yen. At the time of writing, the AUD/JPY is trading at 95.56. The AUD/JPY daily chart delineated the pair sliding below the 20-day EMA, hitting fresh weekly lows at 95.40. That said, the pair bias shifted from upward biased to neutral as sellers began gathering momentum, as shown by the Relative ... (full story)
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- Posted: Sep 21, 2022 7:03pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 680
