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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

​USD/JPY trades in 34-year highs while EUR/JPY rises and AUD/USD stabilizes

​​​Yen continues to depreciate despite Japan manufacturing PMI hitting an 11-month peak.​

USD/JPY Source: Getty Images

AUD/USD bounces off 5-month low

AUD/USD bounces off Friday's $0.6363 low but so far has only briefly risen above Thursday's $0.6456 high, above which sits the $0.6493-99 minor resistance area.

Support below Monday's intraday low at $0.6412 comes in around the 78.6% Fibonacci retracement of the October-to-December advance and Tuesday's low at $0.64 to $0.639. Further down sits Friday's low at $0.6363.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

EUR/JPY pushes higher still

EUR/JPY remains on track to reach the ¥165.17 to ¥165.35 resistance area, made up of the March and current April highs.

Minor support remains to be seen at the ¥164.48 late-March high. The bullish outlook will remain in play valid while ¥163.03 underpins.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

USD/JPY hits January 1990 levels

USD/JPY has so far risen to ¥154.85, a level last traded in January 1990, and close to the ¥155.00 mark around which the Bank of Japan (BoJ) may intervene.

Upside pressure will remain in play while Friday's low at ¥153.60 underpins. Were this level to give way, though, the 12 April low at ¥152.60 and the ¥151.97-91 area might be back in play.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

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