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Free AccessMNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
AUSSIE-YEN: AUD/JPY last seen at Y75.56, a handful...>
AUSSIE-YEN: AUD/JPY last seen at Y75.56, a handful of pips worse off. The rate
ticked lower in reaction to headlines suggesting that the U.S. will target
currency manipulators with trade duties, but the move was rather limited. The
release of Japanese CPI figures, which matched expectations, was virtually
ignored.
- AUD/JPY fell 31 pips yesterday, as simmering Sino-U.S. tensions dented risk
appetite and pulled each side of the pair in the opposite direction.
- The initial layer of support is provided by the May 17 multi-month low of
Y75.33, followed by the downtrend resistance-turned-support at Y75.16. Bulls
keep an eye on the psychological Y76.00 level.
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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.