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AUD/JPY falls to 95.50

FXStreet (Córdoba) - The AUD/JPY</a> lost momentum after Tokyo’s opening and moved to downside, retreating further after testing 96.00 during the American session. Having made a daily high at 95.94 and low at 95.49, AUD/JPY spot is down -0.29% on the day and currently trading at 95.52.

The Yen gained momentum across the board amid risk aversion. The Nikkei 225 is falling 0.34% after the first two hours.

Despite the fact that the AUD/USD hit fresh highs, the AUD/JPY turned lower as the USD/JPY is trading below 102.00.

EUR/AUD faces end of bearish cycle move - ANZ

EUR/AUD price action indicates an end of the bearish cycle seen in early 2014, according to Tim Riddell, Head of Market Research at ANZ.
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