26 Sep 2013
AUD/JPY rallies to 92.60 highs
FXstreet.com (Chicago) - AUD/JPY skyrocketed to 92.60 highs after the Japanese government announced the possibility to study corporate tax cuts.
Corporate tax cut?
Besides the tax sales hike assessment after the tankan survey results, the Japanese government is now considering to study a corporate tax cut. The Nikkei is down 0.46% after bouncing off from -1.20% losses.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 92.56 and oscillates between supports aligned at 92.56 (July 18th highs), 92 (September 6th highs) ahead of 91.65 (September 15th lows) and the resistances set at 92.95 (September 16th highs), 93.58 (September 11th highs) followed by 94 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe and is offered below the EMA20. So far, the pair registers 0.48% gains.
Corporate tax cut?
Besides the tax sales hike assessment after the tankan survey results, the Japanese government is now considering to study a corporate tax cut. The Nikkei is down 0.46% after bouncing off from -1.20% losses.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 92.56 and oscillates between supports aligned at 92.56 (July 18th highs), 92 (September 6th highs) ahead of 91.65 (September 15th lows) and the resistances set at 92.95 (September 16th highs), 93.58 (September 11th highs) followed by 94 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe and is offered below the EMA20. So far, the pair registers 0.48% gains.