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Free AccessMNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
AUSSIE-YEN: AUD/JPY last sits at Y71.42, 17 pips.....>
AUSSIE-YEN: AUD/JPY last sits at Y71.42, 17 pips lower on the day. The rate
slipped initially as U.S. Treasury named China a currency manipulator, but a
strong NZ jobs report lent a helping hand to the Aussie, allowing AUD/JPY to
move away from lows. Nonetheless, the underlying risk-off tone keeps a lid on
recovery attempts.
- Bears target the psychological barrier posed by the Y71.00 level. A move below
there would bring the flash-crash YtD low of Y70.64 firmly into play. The rate
hasn't shown under that level since May 2009. Bulls look to the lower Bollinger
band (2%) at Y71.95 and the round figure of Y72.00.
- The main point of note during today's Asia-Pacific session is the RBA's
monetary policy decision, due at 0530BST/1430AEST.
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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.