Free Trial

AUSSIE-YEN: AUD/JPY has trimmed losses alongside.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has trimmed losses alongside e-minis, but continues to
operate just slightly below neutral levels. The rate started on the back foot as
risk sentiment has been limited on the back of factors outlined in the earlier
MARKET TALK bullet. Broader worry over the coronavirus situation in the U.S. has
been evident and kept a lid on U.S. equity index futures.
- The pair last deals -4 pips at Y73.57. Losses past Jun 22 low of Y72.74 would
open up Jun 12 low of Y72.53. A break here would signal that bears are taking
control. Bulls look for a rebound above Jun 23 high of Y74.42, which would bring
Jun 16 high of Y75.09 into play.
- Regional docket is very light today, with focus on Japanese retail sales data,
due shortly.

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.