Yen Versus Dollar and Aussie August 24th

FX Strategy Video > Currency Pairs Analysis

USD/JPY fell most of the session, but bounced a bit on Thursday in order to have a fairly flat session. The pair is currently grinding away in the massive 78 - 78.75 support zone, and as a result it looks like a pair that could be bought for a short term trade on bullish action.

The AUD/JPY pair fell during the same session as the Australian dollar was hit against most currencies due to worsening Chinese economic numbers. A slowdown in China is very bad for the Aussies, and this pair showed that in spades for the session.

Published on 23rd of August 2012
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