The post Rebounds towards 101.50, bulls target yearly high appeared on BitcoinEthereumNews.com. The AUD/JPY recovers after posting losses of 0.17% on Monday, rises 0.39% after the cross-pair tested the 20-day Simple Moving Average (SMA) at 100.45. At the time of writing, the Aussie pair trades at 101.26 up 0.05%, as Wednesday’s Asian session kicks in. AUD/JPY Price Forecast: Technical outlook The AUD/JPY technical picture suggests that further upside is seen. Successive series of higher highs and higher lows indicate the pair could challenge the yearly peak of 101.82. Momentum as measured by the Relative Strength Index (RSI) shows buyers outweighing sellers. Still caution is warranted, as the RSI is shy of clearing its latest peak at around 67.50. If AUD/JPY clears 102.00, the next stop would be November 7, 2024, high of 102.41, ahead of 103.00. Conversely if it falls below 101.50, the first support would be 101.00, followed by the 20-day SMA and the 100.00 print. AUD/JPY Price Chart – Daily AUD/JPY daily chart Australian Dollar Price This week The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.39% 0.13% 0.62% -0.25% 0.42% 0.35% 0.76% EUR -0.39% -0.15% 0.61% -0.60% 0.02% -0.02% 0.38% GBP -0.13% 0.15% 0.53% -0.48% 0.17% 0.13% 0.54% JPY -0.62% -0.61% -0.53% -0.85% -0.20% -0.28% 0.10% CAD 0.25% 0.60% 0.48% 0.85% 0.67% 0.58% 1.02% AUD -0.42% -0.02% -0.17% 0.20% -0.67% -0.03% 0.37% NZD -0.35% 0.02% -0.13% 0.28% -0.58% 0.03% 0.41% CHF -0.76% -0.38% -0.54% -0.10% -1.02% -0.37% -0.41% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and… The post Rebounds towards 101.50, bulls target yearly high appeared on BitcoinEthereumNews.com. The AUD/JPY recovers after posting losses of 0.17% on Monday, rises 0.39% after the cross-pair tested the 20-day Simple Moving Average (SMA) at 100.45. At the time of writing, the Aussie pair trades at 101.26 up 0.05%, as Wednesday’s Asian session kicks in. AUD/JPY Price Forecast: Technical outlook The AUD/JPY technical picture suggests that further upside is seen. Successive series of higher highs and higher lows indicate the pair could challenge the yearly peak of 101.82. Momentum as measured by the Relative Strength Index (RSI) shows buyers outweighing sellers. Still caution is warranted, as the RSI is shy of clearing its latest peak at around 67.50. If AUD/JPY clears 102.00, the next stop would be November 7, 2024, high of 102.41, ahead of 103.00. Conversely if it falls below 101.50, the first support would be 101.00, followed by the 20-day SMA and the 100.00 print. AUD/JPY Price Chart – Daily AUD/JPY daily chart Australian Dollar Price This week The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.39% 0.13% 0.62% -0.25% 0.42% 0.35% 0.76% EUR -0.39% -0.15% 0.61% -0.60% 0.02% -0.02% 0.38% GBP -0.13% 0.15% 0.53% -0.48% 0.17% 0.13% 0.54% JPY -0.62% -0.61% -0.53% -0.85% -0.20% -0.28% 0.10% CAD 0.25% 0.60% 0.48% 0.85% 0.67% 0.58% 1.02% AUD -0.42% -0.02% -0.17% 0.20% -0.67% -0.03% 0.37% NZD -0.35% 0.02% -0.13% 0.28% -0.58% 0.03% 0.41% CHF -0.76% -0.38% -0.54% -0.10% -1.02% -0.37% -0.41% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more