Forex: AUD/JPY showing weakness below 95.50

AUD/JPY is currently at 95.37 near session lows at 95.26, on the back of Yen strength and Aussie weakness, off recent session highs at 95.75. The cross is down -0.24% since previous weekly close Friday, while all Asian markets but Australia and NZ are closed for holiday.

Not much of a move today in Asia-Pacific with liquidity very limited, and Aussie capped below the 1.0325 session highs on worst decline in home loans in Australia since late 2010, according to data released today. Australian index ASX is barely in the positive up +0.06% while Nikkei index closed past week down -0.9% for the very first time since mid Nov, losing -1.8% on Friday alone.

Immediate support to the downside for AUD/JPY lies at recent session/Friday's lows/Jan 25 highs 95.24/11, followed by Jan 14/15 highs at 94.66, and Jan 31 lows at 94.25. To the upside, closest resistance shows at recent session highs/Thursday's lows 95.75/81, followed by Tuesday's lows at 95.95, and Friday's highs at 96.50.