Free Trial

AUSSIE-YEN: AUD/JPY has clawed back its earlier......>

AUSSIE-YEN: AUD/JPY has clawed back its earlier losses, registered early doors
on the back of a BBG story stating that "the U.S. is holding off on a decision
about licenses for U.S. companies to restart business with Huawei." RBA Gov Lowe
speaks at writing, his suggestion that the economy may have reached a "gentle
turning point" has seemingly put a bid into AUD, negating the impact of
aforementioned BBG report. The rate last sits at Y72.16, unchanged on the day.
- A break above yesterday's high of Y72.36 would reassure the bulls, turning
their focus to Y72.72, the high of Aug 2. Bears look for a pullback towards the
lower 1.0% 10-DMA envelope at Y71.48.

To read the full story



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.