Free Trial

AUD/JPY: Highest Level Since Mid March

AUD

AUD/JPY firmed to its highest level since mid March yesterday as risk sentiment improved after US PPI data was weaker than expected.

  • The pair now sits a touch below the ¥90 handle after printing a high yesterday at ¥90.17 the highest level since 14 March.
  • Bulls have convincingly broken the 20-Day EMA and now look to target the 200-Day EMA (¥90.95). From here they can target 2023 high at ¥93.04.
  • Bears first look to break the 20-Day EMA (¥89.01) to turn the tide.

To read the full story

Close

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.