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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUD
AUD/JPY printed its highest level since 2 May yesterday as rising US Yields weighed on the JPY, the pair is ~2% firmer this week.
- We sit a touch below the ¥92 handle, any breaks above which have not been sustained in 2023 with a ¥88/92 range persisting for the most part.
- On the upside bulls target the high 2 May at ¥92.44, this opens ¥93.04 the high from 15 Feb.
- Bears first target a break below the 200-Day EMA (¥90.81), with ¥89.16 the low from May 4 providing the next support level.
Fig 1: AUD/JPY Daily Spot, EMAs
Source: MNI/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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