FxWirePro: AUD/JPY breakout above channel top seen, stay long for 83 levels
Upbeat Chinese economic data, especially better-than-expected Q2 GDP and monthly industrial production data. Since the beginning of this week, the Japanese currency has witnessed intense selling pressure on expectations …
Upbeat Chinese economic data, especially better-than-expected Q2 GDP and monthly industrial production data.
Since the beginning of this week, the Japanese currency has witnessed intense selling pressure on expectations of additional fiscal stimulus from the Japanese government.
AUD/JPY is extending bounce from channel base and has shown a price breakout above channel top resistance currently at 79.95.
