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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: Firmer risk appetite has pushed AUD/JPY higher, with the rate
tracking gains in U.S. equity index futures. It trades +22 pips at Y68.89 as we
type. Hard to point out any particular catalysts, with recent news flow
revolving around Sino-U.S. tensions.
- Bulls look for a break above Apr 30/May 11 highs of Y70.17/18, located just
below the 61.8% retracement of the Dec 27 - Mar 19 slide (Y70.19). A penetration
of these levels would allow bulls to gain a fresh impetus. Bears keep an eye on
May 7 low of Y67.63, followed by Apr 21 low of Y67.29.
- The initial focus falls on flash Japanese Q1 GDP, due shortly.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com