AUD/JPY finds resistance at 93.00

FXStreet (Córdoba) - The AUD/JPY finished with gains but far from the highs on Tuesday at 92.40. Yesterday the Aussie was boosted first by the RBA minutes and then by BoJ decision to raise the amount of a special lending program and rose from 92.05 to 92.97, reaching the strongest level in a month but pulled back afterwards to 92.15. From there rose slightly to finish the day at 92.40 after being unable to rise above 92.60 during the American session.

AUD/JPY recovery still with momentum but losing steam

The Aussie continues to move with an upside bias in the short-term after falling last week to 91.00. But the upside once again was capped by 93.00, that has become a key resistance in the short-term.

A failure to break 93.00, could send the pair to 92.15, the immediate support, that is followed by 91.85 and 91.10/00.