Free Trial

AUSSIE-YEN: AUD/JPY has shed 31 pips so far and......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has shed 31 pips so far and last trades at Y74.65 as the
defensive feel from after the Fed's MonPol decision still holds. Bears look for
a break below the nearby Jun 9 low of Y74.47, before setting their sights on the
23.6% retracement of the Mar 19 - Jun 8 rally at Y72.80. Bulls need a recoil
above the recent cycle high of Y76.79, printed on Jun 8, before taking aim at
the Y77.00 mark.
- In regional data, Japanese Q2 BSI Large All Industry index printed at -47.6
vs. the prev. -10.1 & exp. of -38.4. Australian consumer inflation expectation
slipped to +3.3% from +3.4%.

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.