May 18, 2022 22:45 GMT
Early Bid In AUD/JPY, Outperforming Eminis
AUD
The A$ has been propped up in early trade, up around 0.20% from the NY close, cross AUD/JPY buying seems to be the main driver. The pair tracked +0.50% higher to 89.60, before settling back at 89.40 now.
- Equity futures are off the lows but the bounce in AUD/JPY is outperforming at this stage, see the chart below.
Fig 1: AUD/JPY & Eminis
Source: MNI - Market News/Bloomberg
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