United States Markit PMI Composite down to 53.5 in December from previous 56.1

FXStreet.com (Barcelona)

Jan 6, 2015

AUD/JPY fails to hold above 97.00

AUD/JPY erased gains and is moving toward yesterday’s low that lie at 96.37; if it fall under it would be trading at the lowest since December 18.

Technicals support the dominant bearish tone for USD/JPY – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, notes that the 4H indicators support the dominant bearish tone for USD/JPY, and anticipates a fresh selling pressure to push the pair lower towards 118.25 levels.