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AUD garnered attention after AUDJPY touched...>

FOREX
FOREX: AUD garnered attention after AUDJPY touched near 3-month highs of 84.53
(Mar 13 high) in early Asia-Pacific dealing as the rebound in risk sentiment had
led to USDJPY hovering either side of its 21-DMA. This faded in the wake of a
slightly narrower than expected AU trade balance. The print itself only provided
a modest miss, while the prior reading was marked higher. The move lower may
therefore represent fatigue, with AUDJPY support now noted at 83.93, as the pair
deals at 84.10, off of lows of 84.03. AUDNZD is also back below its 200-DMA,
while AUDUSD trades a tad softer at 0.7650.
- USDJPY trades a few pips shy of 110.00 following the aforementioned pullback.
- EUR & GBP managed to print marginal gains against the greenback, although
EURUSD couldn't breach 1.18.
- Thursday brings Eurozone GDP, the BoC FSR & comments from BoE's Ramsden.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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