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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 rallied ~1.4% in the aftermath of the RBAs decision to raise the cash rate 25bps yesterday printing its highest level since March 3rd. However falling US Treasury Yields and US equity weakness weighed on the pair and gains were trimmed to finish little changed yesterday.
- We sit a touch under the ¥91 handle in early dealing today, and marginally above the 200-Day EMA at ¥90.81.
- Bulls look to sustain a break of ¥92 handle to target year to date highs at ¥93.04.
- Bears immediate focus is on a break of the 200-Day EMA (¥90.81) opening up the 20-Day EMA (¥89.79).
Fig1: 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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