Trial now
BUNDS

German 5s/30s is flattening

FOREX

Greenback Consolidating, NZD Underperforms

HUNGARY

Bubor Rates

EQUITIES

Rally Continues (Though Stalling A Little In Europe)

COMMODITIES

NatGas Resurgence Continues

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last 4 pips higher on the day at Y73.69, after recovering
from worst levels.
- The rate has been pushed lower through both sides of the cross (JPY safe-haven
flows, AUD cyclical pressure) on the back of the heighted Coronavirus worries,
with the outbreak of the virus taking the wind out of the sails of the
reflationistas.
- We have previously flagged the recent double top formation, which has resulted
in breaks through all of the key daily moving averages in recent sessions. Next
support at the Nov 14 low, which the pair didn't quite manage to test earlier.
- Short term risk event is tomorrow's Aussie CPI data, as well as any
Coronavirus developments.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com