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Market News Topics
June 03, 2020 23:03 GMT
AUSSIE-YEN: AUD/JPY continues to creep higher........>
ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY continues to creep higher after five straight days of gains,
likely on the back of the early impulse from yesterday's risk-on flows. The pair
last deals +7 pips at Y75.44. A break above Y75.77, which capped yesterday's
rally, is needed to reinstate bullish momentum and bring Jan 16 high of Y76.25
into view. Bears look to a pullback under yesterday's low of Y74.41 before
taking aim at the 200-DMA, intersecting at Y72.18.
- Australian trade balance and retail sales for April headline the regional
docket today.
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