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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 had its strongest day in August to date rising ~0.8%, a recovery in US Equities boosted risk sentiment and higher US Tsy Yields weighed on the Yen. Gains were marginally pared ahead of the ¥94 handle in late NY trade.
- The pair is a touch softer on Tuesday, last printing at ¥93.75/80.
- Bulls first target the 20-Day EMA (¥94.01), a break through here opens the high from 10 Aug (¥94.94) and the high from 26 July (¥95.90).
- On the downside bears look to break the low from 18 Aug (¥92.79) which opens the 200-Day EMA (¥92.54) and the post BOJ low from July (¥91.80).
Fig 1: AUD/JPY Daily Spot, EMAs
Source: MNIBloomberg
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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