Free Trial

AUSSIE-YEN: AUD/JPY has added 12 pips and deals at...>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has added 12 pips and deals at Y75.90 as we type as light
risk-on flows have crept into G10 FX space, with U.S. equity index futures
ticking higher. Continued rally past Jan 16 peak at Y76.25 would bring Dec 27,
2019 high of Y76.55 into view. Bears look for a drop through yesterday's low of
Y74.86 towards the 200-DMA at Y72.20.
- In regional data, Australian AiG Services PMI improved to 31.6 from 27.1 in
May, while Japanese household spending shrank by 11.1% Y/Y vs. expectations of a
12.8% decline.
- There's little of note left on today's Asia-Pac docket, which leaves broader
focus on headline flow.

To read the full story

Close

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.