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AUDJPY at a new 17yrs high

AUD
  • While the Swissy tumbles across the board in FX following the SNB rate cut, the Risk On tone in the US, with the Emini and the Nasdaq futures testing fresh record highs, the AUDJPY prints a new 17yrs high, and through its overnight multi year high.
  • Looking at Tech, there's not much in terms of Technical at current levels, besides the next Psychological hurdle of 106.00.
  • The main upside key target is at 107.87, not only the 2007 high, but was also the highest print since August 1991.

Chart source: MNI/Bloomberg.

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