Free Trial

AUSSIE-YEN: AUD/JPY last Y81.91, trading >20 pips....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last Y81.91, trading >20 pips higher on the day as JPY
underperforms each of its G10 peers. 
- The pair fell 25 pips Friday as the yen jumped atop the G10 pile on the back
of broader risk off flows, while Japanese markets were closed for national
holiday. 
- However, positive performance from regional stock indices & softer than
expected Japanese m'fing PMI figures have weighed on the yen today. 
- Initial resistance is located at Friday's high at Y81.98. Bulls need a clean
break above before challenging Y82.25, where the rate peaked Thursday.
Conversely, bulls look to a move below the 21-DMA at Y81.72 before targeting
Friday's lows of Y81.43.

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.