Aud/Jpy
AUD/JPY 4H Chart: Bounces off support level
Downside risks have been dominating the Australian Dollar versus the Japanese Yen since December 30. The currency pair declined by 3.45% in value during this period.
The AUD/JPY exchange rate bounced off a support level formed by the weekly S2 at 73.81 on January 8. The pair will most likely continue to edge higher in the short-term. The potential target will be near the weekly R1 at the 76.15 area