Free Trial

AUSSIE-YEN: AUDJPY remains on the defensive and......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUDJPY remains on the defensive and holds towards the base of its
Y81.33-69 range. The cross did trade under the 100-dma (Y81.24) yesterday, but
failed to close below. This area also provides support from the 50% retracement
of Y78.56-84.02. AUDNZD dips back under NZ$1.0490 targeting a break of
yesterday's 17-month lows of NZ$1.0476 to extend the downtrend. 

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.