Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
15 Jan 2024

AUD/JPY Price Analysis: Climbs above 97.00 amid risk aversion

  • AUD/JPY's gains defy typical risk aversion impact, supported by fading expectations of BoJ policy normalization.
  • Technical indicators signal bullish trend; immediate targets include 97.79, 98.00, and November 30 high at 98.10.
  • Downside risks for AUD/JPY include potential supports at 96.41 (Senkou Span A), 96.14 (Senkou Span B), and the 96.00 level.

The Aussie Dollar (AUD) prints gains versus the Japanese Yen (JPY) on Monday amid a risk aversion environment, which usually is a headwind for the AUD/JPY pair. Nevertheless, Japanese data revealed during January has brushed away the chances for the Bank of Japan (BoJ) to normalize policy, meaning higher interest rates. Therefore, the AUD/JPY trades at 97.08, gains 0.27%.

From a technical perspective, the AUD/JPY turned bullish as the Chikou Span has broken above price action in the daily chart. That, alongside the exchange rate seen above, the Ichimoku Cloud (Kumo), has opened the door for further gains, though traders must regain key resistance levels on their way north.

The first supply zone would be the January 11 high of 97.79, followed by the 98.00 figure, and the November 30 mark 1t 98.10. Further upside is at 98.58, the November 15 high.

On the other hand, if sellers would like to drag prices below 97.00. Once cleared, the next support would be the Senkou Span A at 96.41, followed by the Senkow Span B at 96.14, followed by the 96.00 figure.

AUD/JPY Price Action – Daily Chart

AUD/JPY Key Technical Levels

 

Jan 15, 2024

New Zealand NZIER Business Confidence declines 2% in 4Q 2023

The New Zealand Institute of Economic Research (NZIER) released their quarterly Business Confidence indicator for the fourth quarter of 2023, showing another 2% decline in headline business sentiment, though the figure represents a significant improvement from the previous quarter's -52%.
Read more Previous
Jan 16, 2024

NZD/USD declines on Monday, falls back into 0.6190 in early week action

The NZD/USD skidded back into near-term lows on Monday, falling through the 0.6200 handle as the Kiwi (NZD) sold off against the US Dollar (USD) in a broad-market Greenback bid as markets rebalanced with US markets shuttered in observance of Martin Luther King Day.
Read more Next