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.
AUD
AUD/JPY firmed back above the ¥96 on Friday and has held above the figure in recent dealing.
- The pair rose ~0.4% yesterday, as higher US Tsy Yields weighed on the Yen, and last prints at ¥96.50/60.
- Bulls target a break of the high from 23 June (¥96.85), this opens on year to date highs at ¥97.68.
- On the downside, support comes in at the 20-Day EMA (¥95.40) and low from 13 June (¥95.05).
- With today's RBA meeting in view expectations are split between no change in rates and another 25bp hike.
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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