The AUD/JPY trimmed some of its Thursday’s losses on Friday, and aims higher 0.27% in late trading during the North American session. Even though the pair is up daily, would finish the week with losses of more than 2.50%, a consequence of comments by Bank of Japan’s (BoJ) Governor Ueda. Therefore, the cross is trading at 95.40, after hitting a daily low of 94.17.The daily chart portrays the pair as neutral to downward biased, though upside risks remain. If AUD/JPY achieves a daily close within the Ichimoku Cloud (Kumo) boundaries, that could pave the way for further losses; otherwise, the pair could challenge the December 7 high of 96.49.If AUD/JPY achieves a daily close below the top of the Kumo, the first support would be the 95.00 figure. A breach of the latter will expose the December 8 low of 94.17, ahead of the 94.00 markOn the upside, if the pair edges above the peak of the Kumo, the first resistance would be the November 10 swing low-turned resistance at 95.85, ahead of the 96.00 figure. The next resistance would be the Kijun-Sen at 96.14. AUD/JPY Price Analysis – Daily Chart(Click on image to enlarge) AUD/JPY Technical Levels AUD/JPY
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